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The Won Is Winning and Japan's "Mr. Yen" Is Warning

Japan's former currency czar predicted weakness for the yen, but the Korean won and others are on an uptrend — it's time for your FX Fix.

The euro slipped as traders calculated that a likely European Central Bank rate hike was already priced in. [CNBC]

Up down under: the Australian and New Zealand dollars hit new highs. [CNBC]

Japan's "Mr. Yen", former currency czar Sakakibara, said the currency is likely to weaken for the next several months. [Reuters]

The South Korean won is winning against the dollar. [WSJ]

Bernanke watch: all eyes are on the Fed chairman today for hints about the direction of the dollar. [forexyard.com]

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