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USD/KRW hit a roadblock last week at1100

  • With month end flows all but complete way clear now for further topside gains

  • DXY up 2.0% since Friday yet USD/KRW weighed down by exporter flows

  • Pair to run its own race but cannot ignore return of US Dollar strength

  • JPY/KRW holds 9.23 -authorities concerned more Yen weakness in new FY

 

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