Next Week's Japan Rate Hike... Will the Yen Carry Trade Unwind Blow Up? / The Decisive Signal on SK Hynix's Chart | GFM Director Lee Jin-woo

Summary

Lee Jin-woo of GFM Investment Research Institute discusses next-week BOJ and Fed meetings, assessing whether a BOJ rate hike could reignite yen carry trade unwind fears. He argues the carry unwind risk is overstated because the US-Japan rate gap remains wide and Japanese capital still needs US AI growth. He then analyzes USD/KRW, JPY/KRW around the 850 level, and the Korean stock market, saying KOSPI is still only a technical rebound and SK Hynix may need more time to resolve its chart.

• Yen carry trade unwind fears are discussed ahead of the BOJ and Fed meetings.
• The guest argues the US-Japan rate gap and Japan's lack of domestic growth reduce the likelihood of a severe unwind.
• USD/KRW has fallen to the 1,340 area after policy pressure on exporters to convert dollars.
• The 850 won per 100 yen level is highlighted as a critical cross-currency battleground.
• KOSPI is described as still in a technical rebound with heavy overhead supply.
• SK Hynix's chart is seen as facing resistance and possible ABC correction despite positive AI narratives.
• Large memory chip exporters are said to be able to offset won strength through higher DRAM/NAND prices.
• The guest advises caution and scenario-based preparation around Fed/BOJ events.