1 Month USD/KRW Track Recent Ranges, First 10-Days Of September Trade Data Out Today

1 month USD/KRW tracked within recent ranges post the Asia close on Friday. The pair pushing up to 1335 towards the end of the NY session, while dips back to 1330 were supported. Note onshore spot finished Friday's session at 1332.95.

• The pair may see some downside in early trade today, as the BBDXY is off nearly 0.20%, in large part due to lower USD/JPY levels (post hawkish Ueda comments over the weekend).
• On the data front, we have the first 10-days of trade data for September out a little later. Recall that August exports were -8.4% y/y, showing some modest improvement in the trend.
• Geopolitics will also be in focus, with South Korea and Japan leaders reportedly agreeing to prepare for a trilateral summit with China.
• North Korean leader Kim Jong Un is also reportedly set to travel to Russia this week to meet with Russian President Putin. A China delegation also vowed to boost ties with North Korea across the agricultural, medical and public health sectors after a visit late last week.
• In the equity space, we saw mixed trends in the IT space on Friday, the MSCI IT index a touch higher, but still down for the week. The SOX index lost further ground though, down -0.45%.