The USD/KRW is trending upwards and staying above the 200-day moving average. The target is 1445, with the possibility of reaching 1457 if support at 1417 holds. The USD/KRW has broken from a multi-month base and is solidly above the 200-DMA, suggesting renewed upward activity. It’s nearing its interim target of 1445 and could move towards the upper range of an ascending channel between 1454 and 1457. There may be a temporary pullback, but we expect support at the recent low of 1417. If this level holds, it could lead to more upward movement towards 1454/1457. With the current upward momentum in USD/KRW, we should consider strategies that benefit from further increases in the exchange rate. The pair remaining above its 200-day moving average is a strong sign to go long, making USD/KRW futures an appealing choice. Buying call options with strike prices near 1445 would allow us to take part in the anticipated rise while limiting our risk. This outlook is backed by recent economic data showing a gap between the US and South Korean economies. The US jobs report for October 2025 showed unexpected strength, raising expectations that the Federal Reserve will maintain higher interest rates for a longer period. Meanwhile, South Korea’s preliminary trade balance for October revealed a larger-than-expected deficit, mainly due to a drop in chip exports, which are down 8% from last year. Even though the main trend is upward, we should be ready for possible pullbacks, using the 1417 level as our key support line. For those looking to generate income, selling out-of-the-money put options with strike prices below 1417 could work well. This strategy assumes any dip will be minor, allowing us to keep the premium if support holds. The 1450 levels are important since we haven’t seen sustained trading at this height since the global risk-off trend in late 2022. To prepare for a move toward the 1454/1457 resistance while managing costs, we could use a bull call spread. This involves buying a call option with a lower strike price, like 1445, and selling another call at a higher strike, such as 1457, to lower the overall premium we pay.

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