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Sep 22 - 10:55 PM

USD/JPY - USD/KRW Tracks USD/JPY Gains; Chart Ceiling Looms Nearby

By Ewen Chew  —  Sep 22 - 09:00 PM
  • USD/KRW tracks USD/JPY higher, last 1333.9 from 1333.0

  • 21 DMA resistance at 1336.3 - deflected rallies recently

  • If that barrier holds, USD/KRW may drift back toward 1330.0

  • Buoyant tone for USD/AXJ seen but Asia stocks rally

  • S. Korea's Kospi +0.2% despite exports drop nP8N3JA00R

  • Sep 1-20 exports -1.1% y/y from prev Aug 1-20 print +18.4%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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