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USD/KRW settled at 1,350.40 at 3:30 p.m. in Seoul, down 8.90 won from the prior close of 1,359.30 and briefly trading into the 1,340s, the weakest close since 1,350.00 on June 30 last year, after opening at 1,358.50. The move is driven by broad dollar weakness, expectations of further yen appreciation, and foreign net buying of Korean equities, a combination that reinforces itself: a softer DXY and lower USD/JPY pull won-denominated assets higher while inflows compress the pair further, easing imported-inflation pressure and giving the BOK more policy flexibility. Watch whether the 1,350 level now caps rallies, and whether foreign equity inflows and yen strength persist; a DXY rebound or a reversal in USD/JPY would be the first counter-signal to this won-strength trade.
As a Forex signal, watch whether it changes price action, volatility, or flows around KRW=X, KOSPI, JPY=X.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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