Won falls on concern Japan will let Yen fall further

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Source: Bloomberg
South Korea's Won declined for a third straight day amid concern Japan will debase a value of its currency further, clouding outlook for Korea's exporters. The Won depreciated as much as 0.2% to 1,089.66 per U.S. Dollar at 10:13 a.m. in Seoul. The currency fell to 1,098.25 on February 1, the lowest level since October. One-month implied volatility fell 13 basis points to 7.50%.
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Thu, 07 Feb 2013 07:21:04 GMT

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