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DOLLAR-WON: USDKRW trades just off daily highs at 1125.0 amid a quiet day of
trading marked by broad based dollar gains.
- KRWJPY has managed to hold above its 21-dma thanks to the solid move higher in
USDJPY, which once again pierced the 110 level, but this move has failed to
ignite yuan crosses.
- The main upside risks to the won comes from broader risk on sentiment which
could trigger buying of yen crosses, particularly if we see some progress at
this week's trade talks involving top trade reps from Washington & Beijing.