# South Korean won, Japanese yen lead Asia FX higher; US jobs data in focus

> The South Korean won rose as much as 1.4% to 1,307.1 per dollar, while the yen gained as expectations grew that the Bank of Japan would end negative rates. The dollar index slipped about 0.1% to 103.56 ahead of a US jobs report.

- Date: 2023-12-08 · published 2023-12-08T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/32964-south-korean-won-japanese-yen-lead-asia-fx-higher-us-jobs-data-in-focus
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves in Asian importers change the local-currency cost of dollar-priced feed ingredients, and a stronger won slightly lowers those costs for Korean buyers.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼
- USDKRW: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40277479

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