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Aug 11 - 08:55 PM
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USD/JPY - USD/KRW Continues Southwards But USD/JPY Bounce May Slow It
By Ewen Chew — Aug 11 - 07:36 PM
• USD/KRW remains heavy, veering toward test of 1400 psych barrier
• But tentative USD/JPY bounce back above 159 may slow USD/KRW
• USD/KRW last 1412.5, after Tues pullback to 1413.0 erased Mon gain
• Bollinger downtrend channel guides lower still, capping at 1419.0
• If 1400 barrier breaks, Fibo at 1393.0 will be targeted by shorts
• S. Korea unemployment rate rises though more jobs added
KRW
(Ewen Chew is a Reuters market analyst. The views expressed are
his own.)
Source:
London Stock Exchange Group | Thomson Reuters