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Japan and South Korea Ready to Intervene in Currency Markets

3/15/2026

30 7 Full Breakdown

Summary

Story summary

Japan and South Korea prepared to intervene in exchange markets to curb volatility.
Ministers Satsuki Katayama (Japan) and Koo Yun-cheol (South Korea) announced readiness to intervene.
The yen reached a 20-month low near 160 per dollar.
The won rose above 1,500 per dollar for the first time since 2009, and both nations stressed energy cooperation, concerns about reliance on China for critical minerals, and closer U.S. ties.

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Story summary

Japan and South Korea prepared to intervene in exchange markets to curb volatility.
Ministers Satsuki Katayama (Japan) and Koo Yun-cheol (South Korea) announced readiness to intervene.
The yen reached a 20-month low near 160 per dollar.
The won rose above 1,500 per dollar for the first time since 2009, and both nations stressed energy cooperation, concerns about reliance on China for critical minerals, and closer U.S. ties.