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USD/KRW still elevated, but ebbs off.....>

KOREAN WON
KOREAN WON: USD/KRW still elevated, but ebbs off highs amid broader reversal
from extremes by major currency pairs after the White House confirmed that U.S.
President Trump will not be making a speech on the Iran situation tonight.
Elsewhere, the BoK announced that they will hold an emergency meeting at 2pm
local time to assess the impact of heightened tensions in the Middle East.
Elsewhere, South Korean FinMin Hong pledged to closely monitor financial markets
and take action if needed.
- The rate has pulled back below its 200-DMA and last trades at KRW1,173.90,
+7.45 fig. on the day. Bears look for a further slide towards the 50-DMA at
KRW1,171.24 and the KRW1,170.00 mark. The bullish focus remains on the 61.8%
retracement of the Dec 4 - Jan 2 decline/psychological resistance at
KRW1,179.80/1,180.00

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