According to the latest news from CoinVoice, as reported by Jinshi, members of South Korea's opposition party stated that the entrance to the National Assembly was blocked as they attempted to overturn the martial law declared by President Yoon Suk-yeol. Opposition leader Lee Jae-myung stated that Yoon Suk-yeol's declaration of martial law is illegal and unconstitutional. He said that military members might attempt to arrest lawmakers.
The Korean won fell about 1% against the US dollar, reaching a two-year low. The USD/JPY lost ground below 149, continuing to hit new lows for October. This latest development caught the market off guard, triggering buying in bonds and the yen. Market participants are wondering whether this is a budgetary issue or something worse. After US Treasury yields fell, there was a slight rebound. [Original link]