Japan, South Korea ready to act against FX volatility, ministers say

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Iran latest: Hegseth promises that U.S. military will reopen Strait of Hormuz Wall Street posts three-week losing streak as Iran war batters sentiment RBC: Iran conflict could prolong ‘well into spring’, pushing oil above 2022 highs “This is not 2022”: Strategist explains why this energy shock is different 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights Japan, South Korea ready to act against FX volatility, ministers say By Economy Published 03/14/2026, 05:31 AM Updated 03/14/2026, 05:36 AM Japan, South Korea ready to act against FX volatility, ministers say 0 US Dollar Japanese Yen 0.24% US Dollar Korean Won 0.57% Japanese Yen US Dollar -0.24% Korean Won US Dollar -0.57% TOKYO/SEOUL, March 14 - Japan and South Korea expressed concern on Saturday about the rapid declines in their currencies, saying they were ready to act against excessive foreign-exchange volatility. Finance Ministers Satsuki Katayama of Japan and Koo Yun-cheol of South Korea "expressed serious concern over the recent sharp depreciation of the Korean won and the Japanese yen ," they said in a statement after their annual meeting in Tokyo. The yen and won have slid as mounting tensions from the U.S.-Israeli war on Iran have driven the dollar higher on safe-haven demand and battered the currencies of countries heavily reliant on imported oil. "Furthermore, they reaffirmed that they will closely monitor foreign exchange markets and continue to take appropriate actions against excessive volatility and disorderly movements in exchange rates," the statement said. The yen touched its lowest in 20 months on Friday and is near the line of 160.00 to the dollar that many in the market think might prompt Japan to intervene to support the currency. The won breached a psychological barrier of 1,500 per dollar this month for the first time since March 2009. Tokyo and Seoul shared the view that significant volatility ha...