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

Friday, May 29, 2015 3:09 AM UTC

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

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

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