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Japan and South Korea Ready to Intervene in Currency Markets

3/15/2026

50 5 Full Breakdown

Summary

Story summary

Finance Ministers Satsuki Katayama (Japan) and Koo Yun-cheol (South Korea) announced readiness to intervene in currency markets.
The yen neared 160 per dollar.
The won surpassed 1,500 per dollar for the first time since 2009.
Tensions in the Middle East have driven investors into the U.S. dollar, prompting both ministers to monitor markets and consider action against excessive volatility to protect citizens' livelihoods from higher oil prices.

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Story summary

Finance Ministers Satsuki Katayama (Japan) and Koo Yun-cheol (South Korea) announced readiness to intervene in currency markets.
The yen neared 160 per dollar.
The won surpassed 1,500 per dollar for the first time since 2009.
Tensions in the Middle East have driven investors into the U.S. dollar, prompting both ministers to monitor markets and consider action against excessive volatility to protect citizens' livelihoods from higher oil prices.