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


FxWirePro: USD/ CNY neutral in the near-term, scope for downward resumption
EUR/GBP Slumps to 0.86598 — Bears Dominate While 0.86750 Caps Any Bounce
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook
AUD/JPY Roars Higher: Bullish Breakout Eyes 110 as Aussie Momentum Surges
FxWirePro: EUR/AUD attracts selling interest, could be on verge of a bigger drop
FxWirePro- Major European Indices
FxWirePro: GBP/AUD downtrend slows, but bearish sentiment remains
China Holds Loan Prime Rates Steady in January as Market Expectations Align
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns
FxWirePro: EUR/ NZD falls below 1.9800, bears keep the advantage
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic
NZDJPY Poised to Break Higher: Buy-the-Dip Strategy Above 91.40 Support
FxWirePro- Woodies Pivot(Major)
CAD/JPY Bounces to 113.22 — BOC Hold Sparks Dip-Buy Setup Toward 115 



