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

KOREAN WON
KOREAN WON: USD/KRW has edged lower and last trades -2.10 fig. at KRW1,216.80.
The spread of a cluster of new coronavirus cases in greater Seoul continues to
provide a source of worry, but the won seems unfazed thus far.
- A drop through Jun 3/May 11 lows of KRW1,214.60/35 would expose the 100-DMA at
KRW1,210.59. Bulls need to retake the 50-DMA at KRW1,226.63 before taking aim at
Jun 1 high of KRW1,233.05.
- Looking into next week's docket, South Korea's unemployment hits on Wednesday.

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