USD/KRW has edged lower and last.........>

KOREAN WON: USD/KRW has edged lower and last trades -2.00 fig. at KRW1,224.10,

likely pressured by yesterday's risk-on flows. Locally, South Korea's consumer

confidence plunged further in April, printing at 70.8 vs. the prior 78.4. The

BoK said that inflation expectations remained unchanged at 1.7% Y/Y.

- U.S. Pres Trump touched upon the issue of Kim Jong Un's health in his daily

presser. He said that he "has a very good idea [about how Kim is doing], but

can't talk about it now" and "wishes him very well". He anticipated that the

public will learn more details "in he not to distant future", while "nobody

knows where he is".

- Bears focus on the 50-DMA intersecting at KRW1,219.74, which has provided

support over the last couple of weeks. Below there would expose Apr 10/Mar 27

lows of KRW1,206.90/1,205.20. On the topside, a rally above Apr 21/2 highs of

KRW1,240.90/1,242.55 is needed to give bulls some impetus.

- South Korea's Business Survey & industrial output are due on Wednesday and

trade data comes out on Friday.