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USD/KRW has given away 3.65 fig. at......>

KOREAN WON
KOREAN WON: USD/KRW has given away 3.65 fig. at KRW1,205.15, as the greenback's
weakness has carried over into the Asia-Pac session. In regional news, North
Korean state media reported that Pyongyang suspended military action against
South Korea. The Central Military Commission, led by Chairman Kim Jong-Un,
decided against an earlier plan to deploy more troops to the border.
- Bears see Jun 12 low of KRW1,203.35 as their initial target and a break here
would open up Jun 11 low of KRW1,188.60. Conversely, bulls look to a rebound
above Jun 17 high of KRW1,218.60, which would shift focus to Jun 3 high/50-DMA
at KRW1,220.05/1,221.04.
- South Korea's consumer confidence comes out on Friday.

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