Without the Rates. USDKRW is a really undervalued pair on a PCA modelled residual basis, seasonality 15y is as usual strong into April, with 5y 10y predictably ends in late march since people have been selling rallies in an anticipatory move. Buy P/B
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johan.gradin
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New highs on the CNY devaluation. KRW is the most vulnerable. Since TWD taiwan acted on it and made a "soft cut".