South Korean President met with economic officials on Friday, when the won traded 0.6% higher, amid talk of modest intervention in the forex market. The won hit a 13-year low recently.

This was the fourth straight increase, as policymakers extended their battle to tame stubbornly high inflation and analysts said further tightening is on the cards.

Finance Minister Shunichi Suzuki made the pledge after his government last week intervened in the forex market to help the yen for the first time in 24 years

Management measures are enough to ensure market stability if there were large capital outflows, central bank governor Yang Chin-long said

It was all about currencies again on Thursday as the soaring US dollar continues to hammer the yen, yuan and pound

Central bank has rallied state banks to defend the currency, urging them to be prepared to sell dollars in offshore markets to stem the yuan's descent

PBOC warns against gambling after onshore yuan finishes at 7.2458 per dollar, weakest close since January 2008, while the offshore yuan slumped 1.15% on the day to trade at 7.2635.

Over the past week, traders have seen the pound crash to an all-time low, intervention by Japan to prop up the yen for the first time in 24 years, and the euro plunge below dollar parity.

Japanese authorities appear ready to respond to speculative currency moves – days after Tokyo spent an estimated $25 billion to defend the yen in the foreign exchange market.

IDFC First Bank says the rupee could hit 82.50 to the dollar by March as the dollar is likely to stay strong, while India's trade deficit is expected to widen

The PBOC said that on Wednesday it will raise the forex risk reserves for financial institutions when they buy forex through currency forwards to 20% from the current zero.

Many analysts believe things are set to get worse as tighter monetary policy across the globe raises the risks of a worldwide recession