South Korea Won Hit 14-Month Low as Yen Slides

        0135 GMT [Dow Jones] USD/KRW rallied above the 1,100 round-figure trading barrier--a Sept 2013 level--for the second time this week as USD/JPY crossing 116.00 provided a trigger for another U.S. dollar spike against the won. While the Bank of Korea held its base interest rate at its monetary policy meeting Thursday, the market continues to expect a rate cut in the months ahead to combat slowing growth and to weaken the won versus trade rival Japan's yen. A USD/KRW weekly close above 1,095--the 200-week moving average--would trigger a medium-term bullish chart signal that might encourage more U.S. dollar-buying. USD/KRW is now 1,098.8 from its Thursday close of 1,096.6. (ewen.chew@wsj.com)
        (END) Dow Jones Newswires

        November 13, 2014 20:35 ET (01:35 GMT)