TOKYO -- Asian currencies like the Thai baht and South Korean won have strengthened to their highest against the yen in years, thanks to higher interest rates and better economic fundamentals that stand in contrast to Japan's decline.
Thai, South Korean currencies bolstered by rate hikes and years of current-account gains

The Thai baht touched a 26-year high against the yen this month. © Reuters
TOKYO -- Asian currencies like the Thai baht and South Korean won have strengthened to their highest against the yen in years, thanks to higher interest rates and better economic fundamentals that stand in contrast to Japan's decline.