USD/KRW has faded its earlier upswing....>

KOREAN WON: USD/KRW has faded its earlier upswing and currently trades +0.80

fig. at KRW1,190.30. The initial bid emerged as Yonhap pointed to "multiple" new

Covid-19 cases reportedly found in South Korea. The number was confirmed at 15,

bringing the total number of domestic patients to 46. That said, South Korean

FinMin Hong brought KRW some reprieve as he talked up potential for extending

liquidity support to exporters suffering from the impact of coronavirus

outbreak. Hong echoed the "emergency" narrative heard in yesterday's remarks

from Pres Moon and pledged to mobilise "all possible measures." The details of

planned stimulus measures will be unveiled by the month-end.

- South Korea's health authority said it is seeking to impose entry ban on

foreign citizens released from the Diamond Princess cruiser.

- A lift through the Feb 10 high/61.8% retracement of the Aug 6 - Jan 14 slide

at KRW1,194.15/1,195.42 would draw the topside attention to KRW1,198.50, the

peak of Feb 3. Bears look for a drop below the 200-DMA at KRW1,181.91.

- Looking ahead, South Korean PPI hits tomorrow, with trade figures for the

first 20 days of the month due on Friday.