USD/KRW opened a touch lower this........>

KOREAN WON: USD/KRW opened a touch lower this morning but has crept higher since

and last trades -3.05 fig. at KRW1,213.90. Bulls look for a renewed push towards

the three latest intraday highs clustered just above the KRW1,220 mark. A clean

break here would draw attention to the Aug 6 high of 1,223.10, the best level

since Mar 2016. The Covid-19 spread remains under scrutiny as South Korea's case

count currently stands at 1,261.

- Although U.S. Pres Trump hasn't quite soothed the nerves during his special

presser re: coronavirus (still underway at typing), he noted that it's not the

right time to restrict travel from South Korea, but limits might be implemented

"at the right time." On Wednesday, South Korean Foreign Ministry confirmed a

growing number of country who banned inbound travel of people who recently

visited the country's main Covid-19 hotbeds.

- The BoK will deliver its monetary policy decision later today, with members

forced to factor the Covid-19 outbreak into their deliberations. As always,

there is no fixed time for the announcement. Looking ahead, South Korea reports

its industrial output figures on Friday, with trade balance coming up on Sunday.