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Citi Point To Flush Out Of Shorts

KRW

Citi note that trade at the tail end of last week saw the "market taken out of their reinstated shorts below KRW1,120. The move is not surprising given USD/KRW is one of the more popular EM Asia positions outside of CNH." Into LNY, Citi believe that "KRW1,130 will be the topside resistance to watch but upward momentum should faze out after the holiday."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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