BoK To Release MonPol Meeting Minutes

Spot USD/KRW re-opened slightly below yesterday's close, but has trimmed losses since and last trade -0.90 fig. at KRW1,182.70. Little to drive the early moves, save for broader cross-currents.

• Bears continue to target Aug 31 low of KRW1,179.10 and a breach of that level would clear the way to Feb 12 low of KRW1,176.40. Meanwhile, a jump above the 50-DMA at KRW1,191.00 would bring Aug 3 high of KRW1,196.05 into play.
• South Korean import and export prices extended decline in August, with import price index falling 10.5% Y/Y and export price index dropping 6.8% Y/Y.
• Yonhap ran a report citing local analysts, who expect that Japan will retain its hawkish policies towards South Korea under the prime ministership of Yoshihide Suga.
• The BoK will release the minutes from its August monetary policy meeting at 16:00 local time/08:00 BST. Elsewhere, at 14:00 local time/06:00 BST the prime minister and other officials will attend a parliamentary hearing on foreign affairs.