# S. Korean, Japanese finance ministers vow 'appropriate steps' to curb FX market volatility | Yonhap News Agency

> South Korean and Japanese finance ministers expressed serious concern over sharp weakening of their currencies against the dollar. They pledged to take appropriate steps to curb FX volatility amid Middle East tensions. The won hit 1,400 per dollar intraday for the first time since 2022.

- Date: 2024-04-16 · published 2024-04-16T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/30984-s-korean-japanese-finance-ministers-vow-appropriate-steps-to-curb-fx-market
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Verbal intervention signals possible official support for the won and yen, which could ease the local cost of dollar-priced feed imports. The dollar's strength remains the core pressure on Asian feed buyers.

## Read by commodity

- USDJPY: bullish ▲
- USDKRW: bullish ▲

## Sources

- en.yna.co.kr: https://en.yna.co.kr/view/AEN20240417001500320

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