(Bloomberg) -- The South Korean won's rally versus
the yen will stall, leaving the exchange rate in a range for the
next month, as interest-rate differentials are poised to tilt in
the yen's favor, according to JPMorgan Chase Bank.
The won gained the past two months, reaching the strongest
in a decade, as investors boosted holdings of Korean assets.
Demand for the won may start to diminish because the Bank of
Korea will hold its benchmark rate at 4.5 percent this year,
while the Bank of Japan will lift it key rate twice, from 0.5
percent at present, JPMorgan said.
Read more at Bloomberg Currencies News
the yen will stall, leaving the exchange rate in a range for the
next month, as interest-rate differentials are poised to tilt in
the yen's favor, according to JPMorgan Chase Bank.
The won gained the past two months, reaching the strongest
in a decade, as investors boosted holdings of Korean assets.
Demand for the won may start to diminish because the Bank of
Korea will hold its benchmark rate at 4.5 percent this year,
while the Bank of Japan will lift it key rate twice, from 0.5
percent at present, JPMorgan said.
Read more at Bloomberg Currencies News
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