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USDKRW has pulled back from yesterday's.......>

KOREA
KOREA: USDKRW has pulled back from yesterday's highs at around 1130.00 to trade
at 1123.70 currently, with bears looking for a further move lower back into last
week's range and bulls looking for some near-term support to allow the pair to
extend its breakout. 
- Yesterday saw a solid move up in Korean rate expectations, with the 6-month
swap rising ~2bps on the back of the BOK's rate decision as investors saw
increased odds of a rate hike this year. 
- The slight improvement in nominal and real rate differentials relative to the
US, combined with the USDKRW's recent rise, has helped to improve the
fundamental picture for the won.

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