Free Trial

USDKRW managed to hold above its Jan 2...>

KOREAN WON: USDKRW managed to hold above its Jan 2 low yesterday and has opened
on the strong side today, trading just shy of the 1120 level. The technical
picture remains neutral as the pair sits well within its long term trading
range, but the fundamental outlook for the won continues to deteriorate as
recent gains have come in spite of still-wide US-Korea real yield differentials.
- KRWJPY has recovered early losses to keep its near term uptrend intact, with
bulls looking for a close above 9.80 to cement the recovery. 
- It is a quiet day on the data front today with focus likely to remain on
global risk sentiment.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.