SEOUL: The won fell against the dollar by midday on Tuesday as a further decline in the yen against the US unit soured buying sentiment towards the South Korean currency.
Exporters, whose dollar selling had lent support to the won for the past several days, also appeared to turn more cautious as the yen kept falling globally.
The won was quoted at 1,061.4 per dollar at 0340 GMT, down 0.4 percent from Monday's domestic close of 1,057.2.
South Korea's exporters compete with Japanese companies in many product areas and its currency is influenced strongly by the yen's movements.
In the bond futures market, the front-month contract on three-year treasury bond futures crept up 0.02 point to 105.32 by 0340 GMT, on course to snap a four-session run of declines.
Foreign investors were net buyers of the futures contract and were poised to turn net buyers for the first time in 25 sessions.
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