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With USDKRW testing its daily highs at...>

KOREAN WON
KOREAN WON: With USDKRW testing its daily highs at 1129.0, KRWJPY is coming
under downward pressure. The pair has pushed below Tuesday's low as the key
200-dma comes into focus. A break below here would reassert the broader
downtrend. The Kospi's break back below its 55-dma points to further risk-off
sentiment which should favour the yen. 
- CNHKRW is also reversing to the upside after breaking back above 162.00 on
Monday, with bulls targeting the 55-dma just above current levels. The 162 level
marked a multi-year support line and the false break below it warns of a bullish
reversal. 

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