More from the Bank of Korea Governor: will act in the FX market if herd-like behavior seen

BOK Governor Rhee Chang-yong:

• need to monitor June inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term data, forex market, and other data before deciding whether a big rate hike step is needed
• June CPI is likely to be higher than that in May
• will act to stabilise the FX market if herd-like behaviour is seen

'Herd like' behaviour is sorta speculators all piling in to drive the won one way ... with the rampant strength of the USD (against the KR won in this case) this means the BOK will act to support the KRW

Earlier:

• South Korea central bank head says monetary policy should focus on lowering inflation

more to come