USD/KRW took a nosedive at the reopen....>

KOREAN WON: USD/KRW took a nosedive at the reopen of onshore trade, pressured by

risk-on flows that have carried over into today's Asia-Pac session. The

greenback remains limited by yesterday's announcement from the Fed that it will

start buying individual corporate bonds.

- Broadly positive risk appetite has helped overshadow regional geopolitical

concerns for now. The DPRK said that its army is reviewing plans to re-enter the

demilitarized zone on the inter-Korean border.

- Elsewhere, South Korea called in the Japanese ambassador to express its

dissatisfaction with Japan's failure to honour forced labour victims at one of

Tokyo's information centres, reminding about some of the historical tensions

between the two nations, which last year spilled over into trade matters.

- USD/KRW trades -10.65 fig. at KRW1,205.50, with bears looking for a fall below

the 200-DMA at KRW1,196.83 before taking aim at Jun 11 low of KRW1,188.60.

Conversely, a jump above yesterday's peak at KRW1,216.65 would expose Jun 3 high

of KRW1,220.05.