What is a meaningful relationship between the currencies of two very interlinked and substitute export-led economies appears to have broken down - at least directionally in this case.
I think they reconverge, so my bias here is long USDTWD... So now I shall look for an entry.
Taiwan's fate is intertwined with China's. China is tightening liquidity in the country to try and temper inflation. This should reverberate through the rest of the world over the next month or so. Taiwan looks technical week on a daily and monthly basis.