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The Korean won has not been immune.......>

KOREAN WON
KOREAN WON: The Korean won has not been immune from the global dollar rally with
UDKRW trading back at 2 week highs of 1126.75 as the pair follows USDCNH higher.
- Won weakness vs the greenback comes despite a strengthening of KRWJPY back
through the 9.80 level due to a bullish breakout in USDJPY. 
- Progress on US border talks helped lift US yields yesterday helping US-Korea
spreads widen, undermining the won. This comes despite a further push lower in
implied volatility in USDKRW which hit 3.5 year lows yesterday. 
-South Korea's parliamentary speaker met with a top U.S. diplomat in Washington
on Monday and reaffirmed the two sides' commitment to achieving the full
denuclearization of North Korea, the State Department said.
- There are no major data releases out of Korea today with focus turning to
tomorrow's unemployment report. 

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