What else? It's just following the Yen, our big bro. (I brought the 1-year chart, but the 5-year looks the same. The fact that the Yen climbed more after Abe is TMI.) The Won always follows the Yen, period. To the Western big shots, the Won and the Yen look the same, lol. While we might take a bigger or smaller hit depending on our exchange rate policy or economic state, generally the Won follows the Japanese Yen. (Sometimes the Yen follows the Won. That's how siblings roll.) Even if the Bank of Korea tries to do anything, we just get swept along by the Bank of Japan's rate moves and policies. That's why they keep finding excuses and blaming the innocent 'Western investment ants.' (Because they can't exactly say, 'We're just following the Yen hyung-nim, there's nothing we can do.')
"The comment section overwhelmingly mocks the OP's core theoryโthat the Won follows the Yen because 'Westerners can't tell them apart'โsuggesting OP is stuck in the 80s and offering alternative (and sometimes meme-fueled) economic explanations."
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