South Korea’s won reaches lowest level since 2009 as selling in Asian currencies picks up steam
The yen fell further against the dollar on Wednesday, leaving it down a fifth this year as Japan’s government stepped up its verbal intervention aimed at stemming an acute sell-off in the currency.
Japan’s currency declined to ¥144 against the dollar, its weakest level since 1998, despite a shift in language by Japanese officials, which gave the strongest hints to date that they could take action if the currency continues to slide.
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Source: https://www.ft.com/content/98bdaa79-f33c-413f-aa29-8780b50c5c5b
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