USD/KRW has inched lower and last sits...>

KOREAN WON: USD/KRW has inched lower and last sits -2.70 fig. at KRW1,201.75.

Little to drive the move so far, with a positive lead from Friday's Wall St.

session likely applying some light pressure this morning.

- Bears look for a dip through the 200-DMA, which comes in at KRW1,196.93. A

break here would clear the way to Jul 7 low of KRW1,189.80. Conversely, bulls

need a clearance of Jul 10 high of KRW1,207.15 before attempting a move at Jun

25 high of KRW1,209.05.

- South Korea released trade figures for the first 10 days of this month today.

Imports fell 9.1% Y/Y, while exports dropped 1.7%, even as chip exports rose

7.7%. The number of working days was the same as the prior year.

- The Korea Economic Research Institute said that South Korean economy is

forecast to shrink 2.3% Y/Y this year. KERI's forecast remained unchanged vs.

the previous estimate published in March.

- South Korea's terms of trade and unemployment will be published on Wednesday.

The BoK will announce its monetary policy decision on Thursday.