The action from Korea will, obviously, get worse of blow over as on previous occasions.
If this occasion is a case of ‘puff and bluster’ we can expect a prompt reversal of asian money to buy the dip.
As mentioned overnight there was buying seen from Kampo in EUR/JPY and China are likely to be still on the bid in USD/JPY at 82.80 – these will also bolster for the short term.
