USD/KRW stays depressed below $1,300 on BOK Rhee’s remarks

Bank of Korea (BOK) Governor Rhee Chang-yong said in a statement on Tuesday, “more delicate policy response is necessary as uncertainty is high both externally and internally.”

Additional quotes

“Difficult to predict future inflation path due to uncertainty over China's reopening, Ukraine war.”

“Will respond in a timely manner in case of uneasiness in financial, forex markets.”