Yonhap Infomax NewsThe USD/KRW exchange rate hit a seven-month high at 1,470 won, but FX options data show continued bearish sentiment on the won, with risk reversals staying positive and analysts noting further upside risk, though breaking above 1,480 won remains challenging amid volatility and potential intervention by authorities.
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Despite Touching 1,470 Won, FX Options Market Still Sees Bearish Outlook for Korean Won
The USD/KRW exchange rate hit a seven-month high at 1,470 won, but FX options data show continued bearish sentiment on the won, with risk reversals staying positive and analysts noting further upside risk, though breaking above 1,480 won remains challenging amid volatility and potential intervention by authorities.