USD/KRW last changes hands at............>

KOREAN WON: USD/KRW last changes hands at KRW1,234.35, barely changed on the

day. With little in the way of meaningful catalysts seen locally, spot has been

driven by wider gyrations in appetite for riskier FX.

- The BoK released its Business Survey this morning. Manufacturers' confidence

slipped to 49 from 50, but sentiment among non-manufacturing businesses improved

to 56 from 50.

- In South Korea, there is an increasing concern over a cluster of coronavirus

cases in the Seoul area. The nation reported 40 new cases today, all of them in

Seoul (19) and Incheon (11).

- Bulls look for a break above May 25 high of KRW1,244.25 before taking aim at

Mar 24 low of KRW1,249.65. Meanwhile, a fall below the 50-DMA at KRW1,229.72

would expose May 19 low of KRW1,221.25.

- The BoK delivers its monetary policy decision tomorrow and most of the

economists surveyed by BBG call for a 25bp cut to the benchmark interest rate,

which would bring it to a new record low of 0.50%. 

- South Korea's monthly industrial output data hits the wires on Friday.