Forex Flash: USD/KRW rally back above 1100 likely to be sold into - Westpac

FXstreet.com (Barcelona) - According to Westpac FX strategist Jonathan Cavenagh, since official rhetoric to the Korean won's recent strength has certainly risen, "moves have helped put a base in USD/KRW and the 1080 level appears a line in the sand for the near term." The longer term trend of KRW strength "still appears to be intact and any rallies in USD/KRW, particularly back above the 1100 level, are likely to be sold into" he adds.