US Inflation Reduction Act: currency manipulation w/e 24 Sep

Mainichi | Japan's intervention unlikely to stem yen's slide, 23 Sep

The dollar briefly plummeted below 141 yen from a 24-year high near 146 yen Thursday after the government stepped into the market to stem the yen's slide. The action took the market somewhat by surprise, even though repeated warnings by Finance Minister Shunichi Suzuki against the yen's recent rapid decline to 24-year lows against the U.S. currency had left the market nervous, said Masahiro Yamaguchi, head of investment research at SMBC Trust Bank.
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The Swiss National Bank on Thursday raised its benchmark interest rate by 0.75 percentage point, marking the end of an era of negative rates [NIRP] in Europe.
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Analysts say Japanese authorities could act again if the dollar climbs to around 145 yen, as seen in Thursday's intervention, and market players will be nervous about crossing that line.

Masato Kanda, vice finance minister for international affairs, told reporters after the intervention that the ministry "will continue to watch foreign exchange movements with a sense of urgency."

Analysts say yen-buying intervention is more difficult than yen-selling as authorities have to rely on foreign reserves to sell in the market. Japan's foreign reserves, mainly composed of securities and deposits denominated in foreign currencies, stood at $1.29 trillion at the end of August, according to official data.

Hanyoreh | As exchange rate soars, will US Fed agree to currency swap with S. Korea?, 22 Sep

the size of the currency swap that is being requested by South Korea and the current attitude of the Fed remain unknown. In the past, the Fed has made decisions on currency swaps based purely on economic and financial logic, such as when many countries face difficulties securing dollar liquidity.
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The Fed currently has a "permanent" currency swap agreement in place with five partners, namely the EU, Japan, the UK, Canada[,] and Switzerland [CHF] and and has also signed temporary emergency currency swap deals (for six months) with other countries when deemed necessary....

Yonhap | S. Korea vows steps to stabilize bond market over growing volatility, 23 Sep

South Korea plans to take measures to stabilize the bond market [ASEAN+3] if necessary as market volatility has grown over the U.S.' recent rate hikes, a senior finance ministry official said Friday.

Yonhap | Presidential office defends Yoon over apparent use of foul language, 22 Sep hot mic

In the video, Yoon is seen talking with U.S. President Joe Biden at a fundraiser for fighting infectious diseases in New York on Wednesday. As he turns away to leave, he appears to tell his aides with vulgar language that it would be embarrassing for Biden if the National Assembly did not approve of something unspecified.
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"He wasn't speaking publicly on the stage but in passing, and although I don't know who recorded it and how, I actually think it should be verified," the official told reporters in New York.
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"It's quite regrettable that a diplomatic disaster is being talked about over something like that when he is doing everything to complete a demanding schedule in the national interest of the Republic of Korea."...

Hankyoreh | Yoon's hot mic moment was reference to Korean opposition parties, not Biden, says spokesperson, 23 Sep