Tokyo and Seoul Shore Up Currencies in Coordinated Market Move
Joint intervention lifts yen from four-decade lows and strengthens won by 2 percent, signaling aligned policy goals across Pacific economies.
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Joint intervention lifts yen from four-decade lows and strengthens won by 2 percent, signaling aligned policy goals across Pacific economies.

Central bank survey shows financial institutions expect stable credit conditions through Q3 despite geopolitical headwinds

Tokyo's apparent intervention last week marks a return to direct market action, though currency strategists question how long the support will hold.

Manila's benchmark index climbed 0.78 percent after central bank Governor Eli Remolona indicated a preference for measured monetary tightening over aggressive hikes.

MAS steepens policy band slope in unexpected move, with economists forecasting further tightening as soon as October amid firmer growth and inflation risks

Crude prices surge past $98 per barrel amid West Asia tensions, pushing the greenback higher and rattling Asian currencies.

As the yen weakens against the dollar, authorities confront deeply entrenched market expectations that monetary policy alone may struggle to reverse

Poland, China, Uzbekistan and Kazakhstan led purchases while Turkey and Russia continued selling to fund strategic priorities