• USD/KRW shows resilience in the face of KOSPI tanking 4.2%

• Last 1430.1 even as USD/JPY ekes out gains above 162.00

• Potential USD/JPY rally may be next catalyst for USD/KRW

• But while 21 DMA caps at 1532.4, upside room remains limited

• Recent sharp drops may have left some longs stranded still

• S. Korea officials jawboning last week may also lure cherry-pickers
KRW


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)