USD/KRW Prints Multi-Month Lows After FOMC, BoK Biz. Survey & Samsung Earnings Beat

USD/KRW dipped at the re-open of onshore trade, reacting to yesterday's
FOMC-related greenback weakness, a decent beat in Samsung's Q2 earnings
(they reported better than exp. operating profit earlier thins month) and
a continued recovery in domestic business confidence, as measured by the BoK's
Business Survey (albeit both m'fing & non-m'fing gauges remain way below
neutral levels). USD/KRW last trades -3.95 fig. at KRW1,189.15.

• Samsung attributed its strong earnings to demand for chips and one-off gains.
• The WTO set up a panel to investigate South Korea's trade spat with Japan,
  after Seoul filed a complaint over trade curbs imposed by Tokyo.
• Spot USD/KRW showed at its worsts levels since mid-Mar this morning. Bears
  look for further losses past Mar 11 low of KRW1,186.40, which would open
  up Mar 5 low of KRW1,179.90. Bulls need to retake the 200-DMA at
  KRW1,197.06 before targeting Jul 28 high of KRW1,202.50.
• The BoK held a non-rate decision Board meeting today, per BBG.
  Focus moves to South Korea's industrial output hits the wires tomorrow.