Flows - USD/KRW: Intervention risks up as price slips below 1153 |
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Published at 05:46 (GMT) 07 Dec USD/KRW easing into closing trades as EUR bid is renewed along with fresh buying on the local bourse. USD/KRW now looking to test levels below 1153 as the Kospi heads back up towards the day's highs. As noted, the slippage in the JPY/KRW is seen having limited scope for extending downside; and to that extent the offers from Japanese exporters in the JPY crosses is providing some elbow space for short USD/KRW bets. With the break below the 1153 handle 1150 level
Filed under: Technical
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