# Political heat prods Japan, South Korea to team up on weak currencies | Reuters

> Japan and South Korea are considering joint action on their weakened currencies, as the yen and won have fallen far more against the dollar than most peers. Markets are bracing for possible intervention, and the yen rebounded on that expectation.

- Date: 2024-04-19 · published 2024-04-19T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/30979-political-heat-prods-japan-south-korea-to-team-up-on-weak-currencies-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A weak yen and won make Asian feed imports dearer in dollar terms, which can slow buying of US and Brazilian feed grains and meal. Intervention risk could tighten dollar-based demand.

## Read by commodity

- USDJPY: bearish ▼
- USDKRW: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/political-heat-prods-japan-south-korea-team-up-weak-currencies-2024-04-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.