ResearchGlobal2026-10-21
Three-way Asian FX split: yuan firms, yen flat, won slips, Northeast Asian refiners reprice by currency
USD/CNY at 6.676 (-0.0225), USD/JPY at 158.12 (-0.019) and USD/KRW at 1326.94 (+0.0467); the three currencies no longer move together. A firmer yuan lowers the RMB landed cost of dollar crude, while a slightly weaker won raises South Korean refiners' import bills, reshuffling the Northeast Asian buyer ranking.