No notable reaction in USD/KRW as the....>

KOREAN WON: No notable reaction in USD/KRW as the BoK left its key rate

unchanged at its latest decision, in line with unanimous expectations, with

focus now moving to the statement and press conference.

- M/M SK industrial production provided a modest beat earlier in the day,

printing at +0.5% vs. median exp. of +0.3%. Dec's reading was revised higher.

- Softer than expected Chinese official m'fing PMI data was also noted, which

has provided a layer of support to USD/KRW, which remains range bound on the

day.

- Bears looking for a break and consolidation below the 200-DMA to allow them to

focus on the Jan 31 low, while bulls look for a move through the 50-, 55- &

100-DMAs before focusing on a string of recent intraday highs.