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JPY/KRW drop draws, still sees June BOK rate cut

  • JPY/KRW fall too fast, mainly due to USD/JPY

  • Pair will continue to smooth rapid FX moves, does not target specific KRW level

  • Nomura notes Japan's export growth has outpaced Korea's since Q3 2013

  • Cites JPY/KRW, Korea's greater dependence on slowing Chinese demand

 

  • Market Data
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