Overview
- President Lee said authorities would already have deployed stabilizing measures if effective tools were available, underscoring policy constraints.
- He emphasized that exchange rates reflect supply and demand, cautioning against expectations for aggressive or unilateral intervention.
- Foreign exchange authorities expect the won to firm toward the 1,400 level in the near term, offering guidance after recent volatility.
- Lee noted the won’s moves have broadly tracked the Japanese yen and argued the won has weakened by less than the yen.
- The government pledged continued work to stabilize conditions while acknowledging the dominant role of external forces such as US monetary policy and global risk sentiment.