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Mar 18 - 10:55 PM

USD/JPY - USD/KRW Enters Bullish Path, Keeping Close Eye On USD/JPY

By Ewen Chew  —  Mar 18 - 09:45 PM
  • USD/KRW rallies to 1338.4, enters bullish path; Kospi -1.4%

  • Tues close above 1336.7 confirms Bollinger uptrend channel

  • From there, 2024 peak of 1346.7 will be within reach

  • USD/JPY pulls USD/AXJ up before BOJ decision nL2N3FT0GG

  • UST yields firmed up o/n as FOMC meeting looms nL2N3FS29Q

  • Market has toned down Fed rate cut expectations recently

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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