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Mar 30 - 01:55 AM

USD/JPY - USD/KRW Gets The Sinking Feeling As USD/JPY Goes Under

By Ewen Chew  —  Mar 30 - 12:05 AM
  • USD/KRW slumps to 1207.6, marking a 1.0% daily gain vs USD

  • Wed close below 1210.1 confirms Bollinger downtrend channel

  • Further drop to 1200.0 psych barrier could be in the works

  • Steep 1.3% drop in USD/JPY triggers selloff in USD/AXJ

  • Yen recovers as BOJ ramps up JGB yield defense [nL2N2VW30L

  • KRW known to follow JPY due to export rivalry correlation

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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