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Soaring Covid-19 case count in S. Korea &.....>

FOREX
FOREX: Soaring Covid-19 case count in S. Korea & NHK report re: two fatalities
among passengers of the Diamond Princess squelched risk appetite, fragile after
China delivered "only" the exp. amount of easing via LPR fixings. Havens were
bid but USD/JPY held above Y111.00 amid broader USD strength & BBG report re:
potential acquisition of Speedway gas stations by Japan's Seven & I for $22bn.
- AUD/USD sank to a new 11-year low. Before coronavirus took centre stage, AUD
slipped on the back of local jobs data. Unemployment rate rose more than exp.,
as above-forecast employment growth, driven by full-time jobs, was coupled with
an uptick in participation. Underemployment crept a tad higher as well. 
- Asian EMFX tumbled across the board vs. the greenback. USD/yuan printed fresh
two-month highs. Trade -sensitive KRW and SGD were particularly hard hit.
USD/SGD shot to its highest lvls since May 2017 even as Fitch said Singapore's
new budget poses no threat to the nation's "AAA" rating. USD/IDR tested this
month's highs in the lead-up to the monetary policy decision from the BI.
- UK retail sales, EZ cons. conf., U.S. Philly Fed Survey & the ECB's Jan MonPol
meeting minutes take focus today. ECB's de Guindos and Fed's Barkin will speak.

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