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TDUX
Aug 18 - 03:55 AM

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

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