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TDUX
Aug 11 - 08:55 PM

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

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