DOLLAR-WON: USD/KRW has operated above KRW for.......>

DOLLAR-WON: USD/KRW has operated above KRW for most of today's session.

- A source has highlighted market positioning for dividend payments, pointing to

underlying support for the pair over the last couple of sessions.

- Elsewhere, the Nikkei reported that "Japan could impose economic sanctions on

South Korea over a legal dispute concerning wartime labour cases has raised

anxiety in Seoul and among companies on both sides that depend on cross-border

supply chains." While Fitch highlighted that "the downturn in global smartphone

demand is posing challenges for Asian component manufacturers and the most

vulnerable are those that are lower down the technology chain and operating in

highly competitive sub-sectors."

- Rate last deals at KRW KRW1,132 with yesterday's session high of KRW1,333.40

providing the initial point of resistance ahead of the YtD high at KRW1,137.

Consolidation below KRW1,300 would allow bears to focus on the 21-DMA at

KRW1,126.64, with any break opening up the 50-DMA at KRW1,123.81.

- The minutes from the BoK's Feb MonPol decision are due after hours.