Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
The South Korean won and shares sharply rose on Thursday morning after the bank of Korea kept rates steady.
- BoK kept its policy rates steady at a record low of 1.50 percent early in the session, as widely expected
- Weak U.S. economic data anchored doubts that the Federal Reserve unlikely to raise interest rates until the end of the year, weighing on USD
- The won was up 1.1 percent at 1,134.2 per dollar as of 0201 GMT, after touching a morning high of 1,133.8, the strongest since July 13
- Bank of Korea Governor Lee Ju-yeol at a news conference said that the economy to maintain recovery trend going forward, potential growth rate seen still above 3 pct
- USD/KRW weakness has further to go, breaks below 200 DMA at 1124.81 could accelerate downside, test of 1120.78 (Weely 55 EMA) likely
- Immediate support is located at 1124.81 (200 DMA) and resistance lies at 1136.50 (weekly Kijun)
Recommendation: Good to sell rallies around 1130.0, SL: 1135.0, TP: 1120.0
