USD/KRW managed to take out its..........>

KOREAN WON: USD/KRW managed to take out its 200-DMA yesterday, but the 50-DMA

intersecting below stood resilient. The rate bounced off there & opened higher

today, playing catch-up with the flight to safety that occurred after onshore

KRW trading closed yesterday.

- South Korea's coronavirus case count has topped 6,000 as the addition of

further 322 cases brought their total number to 6,088. Vice Health Min Kim said

that the city of Gyeongsan has been designated the third special zone, after it

reported 229 cases.

- FinMin Hong noted that the virus outbreak will hit trade and investment, with

"difficulties [...] becoming real in most areas of the real economy."

- Seoul & Tokyo are at loggerheads again, this time over Covid-19 containment.

South Korean Foreign Min may summon Japan's ambassador to protest against a

regulation that imposes a two-week quarantine on visitors from South Korea. 

- USD/KRW last deals +9.05 fig. at KRW1,190.30. A jump above the Mar 3 high of

KRW1,195.45 would reinforce the bullish case. Bears look for a fall through the

200-DMA at KRW1,183.53, towards the 50-DMA at KRW1,179.89.