Fundamental Morning Wrap: Korea and Gold in focus .com
He writes, "Given that market positioning is. still short KRW, there is scope for further gains in the won as. these positions get squared up. Seasonal factors also support a. rebound in won during the remainder of April. Khoon Goh of ANZ recommends going long Won on the unwinding of. geopolitical risk premium. He notes that though North Korea. view that the worst is over, and that the geopolitical risk premium. 1%) underperformed after news that North Korea has rejected.