Not so good news for the Bank of Korea
USD/KRW gapped down by almost 0.8% today after the Korean won jumped as tensions with North Korea eased and Kim Jong Un pledging in a joint statement to go forward with denuclearisation and ending the Korean war.
While the news is a positive one for equities (although mostly digested) and for global peace, it's not the sort of welcome news for the Bank of Korea who has been trying to talk down the Korean won since January.
