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USD/KRW 1 Month Back Below 200-Day EMA


1 month USD/KRW has traded with a downside bias for much of today's session. The pair was last just under 1318, note the 200-day EMA comes in at 1318.94. Holding below this level may leave mid November lows in play, which come in around 1307, beyond that is the 1300 level.

  • The Kospi continues to track higher, last up 0.60% and near 2450.
  • The won has generally shrugged off disappointing domestic data and the China PMI misses from earlier today.
  • The currency will serve as a proxy for sentiment around the China re-opening theme though.

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