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Apr 11 - 10:55 PM

USD/JPY - USD/KRW Trudges Upward Even As USD/JPY Slips, BOK Holds

By Ewen Chew  —  Apr 11 - 09:20 PM
  • USD/KRW trudges higher to 1368.7 from Thurs close 1364.1

  • Base of Bollinger uptrend channel rises to support 1356.4

  • Notches a new 1.5-year high despite BOK holding base rate

  • Bank of Korea rate decision Fri as expected nL3N3GI12L

  • Easing only expected in the second half of 2024 nL3N3GH0W1

  • USD/KRW also ignores USD/JPY slide on intervention threats

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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