The South Korean won spiked higher against the US dollar and the Japanese yen on Friday morning in Asia.

The won rose to 1306.60 against the greenback by 8:35 pm ET, the highest level since January 8. The dollar-won pair is presently worth at 1321.25 with 1297.4 seen as the next resistance level. The pair was worth 1327.0 at Thursday's North American close.

The South Korean won edged higher to 13.3115 against the Japanese yen by 9:40 pm Eastern Time and thus set its highest mark since November 10, 2008. On the upside, the won is likely to find target near the 13.138 level. The yen-won pair, which closed Thursday's New York trading at 13.4435, is currently trading at 13.3615.

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