Yen firms and won softens, splitting Asian FX against the dollar; transfer traders must reprice local-currency delivered cost, using CIPS clearing and NDFs to manage exposure.

USD/JPY at 157.7000 (+0.1461) and USD/KRW at 1,343.26 (+0.0544), dollar firming against yen and won; USD/CNY holds at 6.7050. CIF priced in yen or won rises with the stronger dollar, while RMB-pegged Chinese buyers gain; CIPS direct clearing drops the dollar leg.