USDKRW Long - target 1140
The KOSPI has topped as expected and foreign investors are beginning to cash out.
Current fundamentals show that export volume has declined by almost half and a strong KRW is killing competitiveness and denting profits on exporting companies which should translate to drop in stock value.
USDKRW should hit 1140 in short/mid term and come back down to the 1100 range due to seasonality and BTFD mentality among investors
Current fundamentals show that export volume has declined by almost half and a strong KRW is killing competitiveness and denting profits on exporting companies which should translate to drop in stock value.
USDKRW should hit 1140 in short/mid term and come back down to the 1100 range due to seasonality and BTFD mentality among investors
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