Japan could rule to remove S. Korea from white list trade status as early as Aug 2nd – Kyodo

Latest headlines crossing the wires from Japan’s news agency, Kyodo, cites that Japan could approve the removal of South Korea from White List status as early as August, 2^nd.

The above headlines seem to bode well for the South Korean won, as it pulls back sharply from five-week lows against its US counterpart reached at 1,186.20 last hour. At the press time, USD/KRW trades at 1,183 levels, almost unchanged on the day.