South Korea's finance minister

says to extend loosened cap on banks' currency forward positions to at least Q2 in case of FX liquidity instability

will take market stabilisation efforts should won's fall is seen excessive

will decide whether to extend loosened foreign exchange liquidity coverage ratio for banks

KRW update

(This chart is from our charting app, which is free and can be found at this link)

krw 17 March 2022