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USD/KRW re-opened higher and last........>

KOREAN WON
KOREAN WON: USD/KRW re-opened higher and last trades +3.85 fig. at KRW1,201.25.
The rate has likely just played catch-up with yesterday's risk-off flows. Bulls
look to take out Jul 17/14 highs of KRW1,206.95/1,207.75 before targeting Jun 25
high of KRW1,209.05. Bears look for a fall through the 200-DMA at KRW1,197.05,
towards Jul 22 low of KRW1,192.55.
- Lee In-young, South Korean Unification Minister nominee, said that some
flexibility in joint military drills with the U.S. scheduled for the summer
would sent a positive message to North Korea.
- Elsewhere, South Korea warned Japan against public outcry, which would be
entailed by Tokyo's failure to recognise historical forced labour abuses.
- Focus in South Korea moves to Consumer Confidence (Wednesday), Business Survey
(Thursday) and industrial output (Friday).

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