JPYKRW Japanese Yen vs South Korean Won

In early Asian trading on Friday, the South Korean won edged up to a 2-day high against its Japanese counterpart. The won reached 13.0920 against the yen, with 13.024 seen as the next upside target level. The yen-won pair was worth 13.17 at yesterday's New York session close.

Today, the Bank of Korea voted to keep interest rates on hold for the eighth consecutive month, maintaining the record low of 2.00 percent - in line with expectations.

Most analysts expected the bank to maintain the status quo, although a few felt that the bank might follow Australia's lead from earlier in the week with a 25 basis point hike - signaling that the global economic slowdown is indeed over.

Yen vs KRW (FX:JPYKRW)
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From May 2024 to Jun 2024

Yen vs KRW (FX:JPYKRW)
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From Jun 2023 to Jun 2024