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Won Little Changed On Thursday, Docket Empty Today

KRW

The Won was little changed on Thursday, ranges were narrow with little follow through on moves. USD/KRW SPOT closed at 1357.30.

  • Technically the pair sits in a firm uptrend. Bulls focus on 1363.55, OCt 4 high, and 1378.30, high from 11 Oct 22. On the downside bears focus on the 20-Day EMA (1344.72).
  • In the equity space we see a negative lead from US Equities, NASDAQ futures are down ~0.4% today. Yesterday the KOSPI fell 1.9% and the KOSDAQ was 3% lower.
  • The local docket is empty today.

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