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


NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist
FxWirePro: USD/JPY dips below lower range, bearish bias increases
Japan’s Rising Inflation Strengthens Case for a Near-Term BOJ Rate Hike
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025
Fed Officials Split as Powell Weighs December Interest Rate Cut
FxWirePro: USD/ CNY gains some upside momentum but still bearish
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro- Major Crypto levels and bias summary 



