> South Korea warns that "stern" measures may be taken in the FX market

South Korea warns that "stern" measures may be taken in the FX market

Monday, 09/04/2018 | 05:59 GMT-0

Comments by South Korea's finance minister Kim Dong-yeon

"Stern" measures may be taken if herd behaviour is seen
Has informed US Treasury secretary Mnuchin that they will exercise FX sovereignty
To decide on disclosing FX intervention records based on FX market structure

South Korea continuing to hint that they will intervene in the Korean won if necessary. They have expressed such a tone throughout the year, and also commented in the market last week here.