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Aug 18 - 03:55 AM
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USD/JPY - USD/KRW Bucks Peers, USD/JPY, Slides In Spite Of KOSPI Drop
By Ewen Chew — Aug 18 - 01:51 AM
• USD/KRW slides to 1410.0 from Tues open 1415.5; KOSPI -1.8%
• Ignores mild USD/JPY rally which is supporting other USD/AXJ pairs
• Potentially reinstates bearish chart bias, pending close below 1411.0
• That would place it back inside Bollinger downtrend channel
• Most Asian stocks drop on Wall St cue, higher oil prices due to Iran
• S. Korea exporter flows likely the main driver for USD/KRW
still
KRW
(Ewen Chew is a Reuters market analyst. The views expressed are
his own.)
Source:
London Stock Exchange Group | Thomson Reuters