USD/KRW has added 6.40 fig. in the.......>

KOREAN WON: USD/KRW has added 6.40 fig. in the wake of yesterday's broad-based

USD demand, inspired by rhetoric of some Fed members who poured cold water on

speculation surrounding negative interest rates in the U.S. A broader defensive

feel, which has pushed U.S. equity index futures into negative territory, is

applying additional pressure to the won. The rate last sits at KRW1,226.90.

- From a technical perspective, a breach of May 4 peak at KRW1,229.95 would turn

bullish focus to Apr 21 high of KRW1,240.90. On the downside, initial attention

is drawn to Friday's trough at KRW1,214.35, followed by Apr 10/Mar 27 lows of

KRW1,206.90/1,205.20.

- Worth reminding that concerns are growing over a new cluster of coronavirus

cases in Seoul, linked to a group of bars and clubs in the capital's Itaewon

district. The number of patients linked with the cluster reached 94 on Monday.

- South Korea's unemployment comes out on Wednesday, while terms of trade hit

the wires on Friday.