Won-Yen Correlation Reversal
Won-Yen Correlation: A 30-Year Pattern Breaks
Rolling correlation coefficient between USD/KRW and USD/JPY, early 2026 vs. July 2026
0
+1.0
-1.0
+0.88
H1 2026
-0.16
July 2026
Strong co-movement (near +1)
Decoupled / inverse movement
30-year coupling pattern reversed in weeks