USD/KRW has fallen through its 50-DMA....>

KOREAN WON: USD/KRW has fallen through its 50-DMA this morning, last sits -8.85

fig. at KRW1,229.50. South Korea published its trade data for May, unexpectedly

reporting a surplus of $436mn. Both imports and exports continued falling, the

former a bit more and the latter a bit less than expected.

- South Korea's Health Min Park said that on Tuesday the nation will go ahead

with new measures to stop the renewed spread of coronavirus.

- U.S. President Trump said over the weekend that the U.S. will invite South

Korea to take part in the September G7 summit.

- Bears need a clean break of the low of May 27 at KRW1,229.50 before targeting

May 19 low of KRW1,221.25. Bulls look for a break above May 28 high of

KRW1,242.40, followed by May 25 high of KRW1,244.25.

- South Korea reports its final Q1 GDP and Apr CPI tomorrow, with BoP current

account balance coming up on Thursday. Markit M'fing PMI will be released at the

bottom of the hour.