Asian currencies' plunge raises alertness over coordinated intervention

Washington, Tokyo and Seoul finance chiefs express concerns over currency movement

20240418 South Korean won and Japanese Yen

Some analysts view Washington's nod to concerns in Tokyo and Seoul over their plunging currencies as taking a step closer to market intervention. © Reuters

LISA KIM and JAEWON KIM, Nikkei staff writers

TOKYO/SEOUL -- Most Asian currencies have been hit this year by the strength of the dollar, prompting monetary officials to issue verbal warnings or even intervene. 

In a rare warning, the finance chiefs of the U.S., Japan and South Korea on Wednesday expressed concerns over the fall of the yen and the won.

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