FW: [Maybank] AXJs Gains to Moderate?

 

 

, GBL: AXJs Gains to Moderate? Global Markets Daily by Saktiandi Supaat FX Research Asian currencies continue to strengthen this morning amid continuation of risk-on mood. MYR and TWD continue to lead the pack. KRW turned gains into losses on comments from officials – "to take steps sternly in case of one-sided FX moves". USDKRW had initially traded below 1060 levels briefly this morning (levels not seen since Apr 2014) and was last seen at 1068 levels. We reiterate our caution on rising risk of leaning against the wind activities should there be excessive, one way moves ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This email and its attachment(s) are confidential and are intended solely for the use of the individual to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Maybank Kim Eng or any of its affiliates. Intended recipients of this email are prohibited from disseminating, forwarding, printing and/or copying its contents. If you are not the intended recipient of this email, you are strictly prohibited to take any action based upon them, which also includes dissemination, forwarding, printing and copying of its contents. Maybank Kim Eng Research sent this e-mail to you because your Notification Preferences indicate that you want to receive information about our daily research reports. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please contact your representative HERE.