Reports of central bank FX intervention in Asia

  • Bank of Korea said to be buying KRW against the USD to stem won's fall

BoK is South Korea's central bank. The market chatter (which seems to be justified!) is the BoK is in selling USD/KRW.

A bit of jawboning happening also:

  • says monitoring any speculative movement in the offshore FX market
  • will strengthen communication with major FX players in the local market

more to come

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