Dollar-won, amid yen strength and suspected intervention, enters the 1,510won range

The dollar-won exchange rate 8on the morning of 6as of 1,515.80was traded at won, down won from the previous trading day. Investors are watching exchange-rate movements in terms of settlement and position management.14.50Investors are watching exchange-rate movements in terms of settlement and position management.

7During the London session on 8at 26minutes, the rate was traded at won, 1,513.10plunging won from the previous day's closing rate.17.20plunging won from the previous day's closing rate.

As of the afternoon in the Seoul session, at 3hours 30minutes, it was traded at won, 1,528.20lower than the previous day's closing rate by won.2.10lower than the previous day's closing rate by won.

Intraday trading began at 1,528.90won and then rose to 1,531.90won before turning lower, with gains and losses repeating.

The market identified the yen's strength and caution over SK hynix's large-scale foreign-exchange transactions as the reasons for the decline. The sharp drop after dollar-yen rose above 162yen intraday was also linked to the move.

Meanwhile, despite renewed tensions surrounding the Strait of Hormuz, dollar-won was also confirmed to have fallen to the 1,510won range. Entry into the 1,510won range was the first since 6 .18,

Reports also emerged that the possibility of intervention by Japan's foreign-exchange authorities and news of South Korea-Japan cooperation triggered the sharp decline in the London session.

By trading period, gains and losses repeated during the morning, the London session, and the afternoon Seoul session, while both corporate foreign-exchange transactions and international geopolitical factors affected market conditions.