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As sick as it sounds, I've been waiting for an event like this to blog.

This announcement seems unprecendented and its big enough to be able to make a profitable financial play.

Here are my thoughts:

While this might bring joy and relief tonight, tomorrow morning the feeling is going to turn into uncertainty. We all know uncertainty brings volatility so what can we do?

I predict the following:

- Shock depreciation of the Korean Won against the USD
- Depreciation of the Yen against the USD
- Selloff of Korean sov and corps, leading to a rise in korean rates.
-Widening of the long-short spread of Korean won denominated bonds

So if my predictions pan out, would this be the play?

- Short won/long usd
- Borrow in Korea, lend in USA/Canada/Swiss

Can't think of other plays

What can you come up with monkeys? What is your financial play based on these news?

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