Total Assets Announcement in the Midst of Dollar Completion…"Expectations for 1390 Won Range"

On the first trading day of December, at the Seoul foreign exchange market, the Dollar exchange rate is expected to show a trend of strengthening in the midst of Yen strengthening.

On the 2nd, the Dollar exchange rate started trading at 1,396.0 Won, up 1.3 Won from the previous day's closing price.

On this day, in the New York closing non-deliverable forward (NDF) market, the 1-month Dollar exchange rate was finally quoted at 1,393.10 Won.

Japan's Bank of Japan's announcement, which considered the possibility of an additional interest rate hike over the weekend, was reported.

The Bank of Japan stated in an interview with Nikkei that "in the sense that data is changing in a fixed direction, (in the case of additional interest rate hikes) it is becoming more cautious" and "if the certainty that the price increase rate is heading towards 2% becomes clearer, the timing of financial completion will be adjusted accordingly."

On the 29th, the Tokyo November Consumer Price Index (CPI) rose 2.2% compared to the same period last year, raising expectations for an interest rate hike, and the Bank of Japan confirmed this possibility.

The Bank of Korea said, "As the Dollar weakens, the Yen strengthening is expected to contribute to the Dollar exchange rate falling, following the expectation of a BOJ interest rate hike," and "if the Chinese PMI index, which will be announced soon, turns into a strong trend, the entry into the 1,380 Won range is also possible."

The Hana Bank said, "The Bank of Japan's announcement of the Tokyo November CPI and the expectation of an interest rate hike has heightened the expectation of an additional BOJ tightening, and the Yen strengthening atmosphere has been created," while analyzing, "However, the news of Korea's November export growth rate slowdown may have a negative impact on the Dollar, and the exchange rate is expected to fluctuate in the mid-1390 Won range."

On this day, the expected range of the Dollar exchange rate by each bank is 1,388~1,398 Won.

Reporter Yoo Joo-an jayou@wowtv.co.kr