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 volatilitiesSouth 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 www.forexlive.com.