SEOUL, September 04 (AJP) - The South Korean won extended its rally to a 14-month high Friday, while government bonds ended little changed as investors stayed cautious ahead of U.S. employment data.
The won strengthened 8.9 won from the previous session to close daytime trading at 1,350.4 per dollar, compared with Thursday's 1,359.3.
The currency briefly entered the 1,340 range during the session, its strongest intraday level since early July 2025.
Exporter dollar selling continued to support the won, while a firmer Japanese yen and reduced expectations for further Federal Reserve tightening added to the pressure on the dollar.
The won has now gained for two straight sessions, falling 18.3 won against the dollar from Wednesday's daytime close.
South Korean government bonds were largely steady after rebounding sharply in the previous session.
The three-year government bond yield edged down 0.4 basis point to 3.884 percent, while the 10-year yield slipped 0.7 basis point to 4.360 percent.
The five-year yield fell 1.7 basis points to 4.101 percent.
At the longer end, the 20-year yield declined 2.0 basis points to 4.573 percent, while the 30-year yield edged up 0.1 basis point to 4.636 percent.
The muted session followed Thursday's rally, when the three-year yield fell 4.2 basis points and the 10-year yield dropped 5.1 basis points as global bond yields retreated from recent highs.
U.S. Treasury yields fell overnight after Federal Reserve Gov. Christopher Waller's comments eased expectations for an immediate rate hike, although investors avoided larger positions ahead of Friday's U.S. jobs report.
The August employment report is expected to provide the next cue for U.S. rate expectations and global bond markets.
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