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Friday's MNI FX Options Monitor noted....>

KOREAN WON
KOREAN WON: Friday's MNI FX Options Monitor noted that USD/KRW risk reversals
have moved higher across the curve to touch the highest level (USD/KRW calls
over puts) since early December last year. Currency hedging volumes in USD/KRW
have, understandably, surged, with total notional waged behind USD/KRW calls
150% higher last week than the five sessions prior. Call strikes rolling off at
KRW1,200, KRW1,165 and KRW1,160 have been particularly popular, but there's also
been material interest in strikes as high as KRW1,285; a rate spot hasn't
reached since 2009.
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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