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USD/KRW opened a touch higher and last...>

KOREAN WON
KOREAN WON: USD/KRW opened a touch higher and last trades +2.15 fig. at
KRW1,227.00. South Korea published its labour market data this morning. The
unemployment rate was steady at 3.8% vs. expectations of an increase to 4.1%.
South Korea said it will prepare further steps to stabilise the jobs market.
- The BoK's MPC will hold a meeting today to "expand the ceiling of the Bank
Intermediated Lending Support Facility to KRW35tn from KRW30tn to help small
companies hurt by the coronavirus outbreak", per BBG.
- A breach of the nearby May 4 peak at KRW1,229.95 expose Apr 21 high of
KRW1,240.90. Meanwhile, a dip through May 11 low of KRW1,214.35 would prompt
bears to target Apr 10/Mar 27 lows of KRW1,206.90/1,205.20.
- South Korea's terms of trade hit the wires on Friday.

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