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TDUX
May 10 - 09:55 PM

USD/JPY - USD/KRW Ignores KOSPI, Exports Surge, Tracks USD/JPY Higher

By Ewen Chew  —  May 10 - 08:40 PM

• USD/KRW rises to 1467.8, but off Mon peak 1469.4; 21 DMA 1473.4 caps

• Jumps out of Bollinger downtrend channel 1463.8, tracking USD/JPY

• Won weakens despite KOSPI spiking +4.6% to another record high

• South Korea's early May exports surge 43.7% y/y

• USD underpinned by US NFP beat, though job strains seen

• US yields climb too, as oil prices with with Iran stress
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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