The won-dollar exchange rate stood at 1,381.9 won around 9 a.m. on the 18th, down 0.3 won, or 0.02%, from the previous trading day’s close. Market forecasts point to the Bank of Japan’s benchmark interest-rate decision as a key factor for the currency’s direction. The market sees a high possibility that Japan will raise its rate from 1% to 1.25%. A rate increase could strengthen the yen and potentially support the won, which often moves in the same direction as the yen among Asian currencies. Woori Bank researcher Min Kyung-won said a cautious policy message could push the yen-dollar exchange rate to 157 yen and create temporary downward pressure on Asian currencies, including the won. Brent crude oil futures, a benchmark contract for international oil prices, fell 0.95% to $104.2 per barrel on the 17th local time, while the 10-year US Treasury yield retreated to about 4.93% after briefly exceeding 5%.