The USELESS SOUTH KOREAN WON: VIX of Currency Markets

Some Say USDKRW Is the VIX if the Currency Market. South Korea's currency is pretty much worthless currency relegated to being used as an "entertaining" VIX that pops up and falls down like a K-pop star.
One can see leading up to the dot com bust and previous busts that the USDKRW pair rose up in a VIX like way. Will history repeat itself? I am posting this to track it for future reference leading up to a recession.

A chart of the US yield spread:

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The recession is here:

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עסקה סגורה: היעד הושג:

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first target reached....