Won-Yen Exchange Rate Falls to 6-Year Low

Won-Yen Exchange Rate Falls to 6-Year Low

The Japanese yen has fallen to its lowest exchange rate
against the Korean won in six years.

The won-yen rate came to 948-point-75 won per 100 yen as of 3:40 p.m. on Tuesday, falling under the 950 won mark for the first time since August 2008.

The yen is rapidly weakening after the Bank of Japan (BOJ)
made an unexpected announcement of additional stimulus programs last week
amid the U.S. dollar’s appreciation.

On the Seoul foreign exchange market, the won-dollar rate surpassed
one-thousand-80 won at one point during the session to finish at
one-thousand-76-and-a-half won.

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