Barclays recommend a long AUDKRW trade........>

FOREX: Barclays recommend a long AUDKRW trade (spot reference: 810), targeting

829.50 with a stop loss of 799.00. 

- Barclays cite "tensions from North Korea threatening to cancel the US-North

Korea meeting on 12 June and Trump responding with his own threat to "decimate"

the country may well be posturing. But even then, it is posturing that weighed

on KRW last week and could continue to do so this week as the two leaders

prepare to enter negotiations from a position of strength. We do not foresee

support for the KRW from the BoK, which we expect to remain on hold (Thursday),

noting comments from the bank that it is "hard to be optimistic on the South

Korean economy". We choose to recommend a long AUD against KRW, given our view

of an underpriced RBA and AUDKRW being near its support of 800."