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USD/KRW is positioned to probe the 1,350 won area, with sell-side flow dominance keeping the downward bias intact. The overnight slide in USD/JPY, attributed by traders to a suspected rate check by authorities ahead of possible intervention, is accelerating the won's advance through the cross-yen channel. With US and Japanese authorities having staged large-scale coordinated intervention between late July and early August and still on guard against persistent yen weakness, any confirmed follow-up action would deepen dollar downside across Asian FX; absent that, exporter and offshore dollar supply remains the swing factor to watch.
As a Forex signal, watch whether it changes price action, volatility, or flows around KRW=X, JPY=X.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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