South Korea’s currency rebounded from a 15-month low on Friday, snapping a three-day losing streak as it paralleled the Japanese yen’s ascent to the greenback.

The Korean won closed at 1,113.80 per U.S. dollar, up 1.3 won from the previous session’s close, after rising as high as to 1,106.60 at one point.

The Japanese yen rose against the dollar in Tokyo earlier in the day after Japan’s Finance Minister Taro Aso said the pace of the currency’s depreciation was too fast.

Analysts said dealers are in profit-taking stance as the dollar’s recent rally was too excessive, but the local currency pared part of its earlier gains on dollar buying by local importers.

“Today’s move is just in line with the yen’s rise to the greenback,” said Son Eun-jung, an analyst at Woori Futures Co. “But market consensus is that the Japanese yen would continue to remain weak, and the U.S. economy is showing signs of recovery, supporting the dollar.”

The yen has been sliding as the dollar rallied from supportive economic data and the BOJ earlier this month vowed to fight deflation with additional measures if necessary. (Yonhap)