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Won Gains After Fed Minutes Fail To Generate Hawkish Impulse

KRW

Spot USD/KRW has traded on a heavier note and last operates -2.05 figs at KRW1,195.60. Bears need a break under Feb 10 low/50-DMA at KRW1,193.50/1,191.88 before taking aim at the 100-DMA, which intersects at KRW1,187.00. Bulls look to a rally towards Jan 28 high of KRW1,207.25.

  • USD/KRW 1-month NDF last -1.29 fig at KRW1,196.21, with bears looking for a slide through the 50-DMA at KRW1,194.37 towards the 100-DMA at KRW1,188.86. Bulls would be pleased by a jump towards Jan 28 high of KRW1,214.39.
  • South Korea's Ministry of Trade, Industry and Energy said in a statement that there has been no major impact on domestic trade, investment or energy supply from the Russia-Ukraine crisis thus far, but the country needs to be ready for potential disruptions.
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