South Korea & Japan have both expressed serious concerns on their depreciating currencies

A statement from South Korea’s Finance Ministry:

  • Finance ministers of South Korea and Jjapan share serious concerns
    about recent depreciation of currencies
  • Both said they can
    deploy measures to stabilize any excessive fx volatilities
  • South Korean and
    Japanese finmins agree to hold next bilateral dialogue in South Korea
    at earliest time possible

That final bullet point. Agreeing to talk more about it more at some undefined time.

This is probably not going to send the US dollar spiralling down any time soon 😉

This article was written by Eamonn Sheridan at Source