USD/KRW sticks to a relatively tight.....>

KOREAN WON: USD/KRW sticks to a relatively tight range, despite all the weekend

chatter about the health condition of North Korea's leader. His prolonged public

absence has amplified uncertainty around the matter, documented in an earlier

bullet. North Korea's line of succession is notoriously obscure, which prevents

coming up with reliable scenarios for the aftermath of the Kim's death.

- Maeil Business Newspaper reported that South Korea's third round of

supplementary budget measures may total almost KRW30tn.

- USD/KRW sits -1.40 fig. at KRW1,234.25. Bears look for a drop below the 50-DMA

at KRW1,219.08 towards Apr 10/Mar 27 lows of KRW1,206.90/1,205.20. Conversely, a

break above Apr 21/Apr 2 highs of KRW1,240.90/1,242.55 would open up the low of

Mar 24 at KRW1,249.65.

- There is a handful of South Korean data releases coming up this week. Consumer

confidence hits tomorrow, Business Survey & industrial output are due on

Wednesday and trade data comes out on Friday.