Wed, 13 Feb 2013 07:32:04 GMT
Won rises as Yen rebounds ahead of G20 meeting
The South Korean Won strengthened amid speculation the G20 officials will discuss the Japanese Yen's recent declines, alleviating concerns Korea's policy makers will intervene to weaken the currency in order to support exporters. The Won rose 0.4% to 1,086.35 per U.S. Dollar, with one-month implied volatility falling 30 basis points to 7.85%.