The BoK's decision to cut its policy.....>

KOREAN WON: The BoK's decision to cut its policy rate by 25bp put a bid into

USD/KRW. The rate touched the best level in more than a month at KRW1183.85

before paring most of the gains. USD/KRW last trades at KRW1183.20, more than 1

figure better off.

- Analysts were divided as to whether the BoK will ease policy at today's

meeting, with 15 out of 25 economists surveyed by BBG opting for no change. Many

analysts thought that the BoK will prefer to wait and watch the Fed's decision

later this month, but others pointed to the wounds inflicted on South Korea's

economy by global trade tensions, including the recently opened spat with Japan.

- Bulls look to the Jun 17 high of KRW1187.50, bears keep an eye on the 50-DMA

at KRW1179.27.