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USDKRW has shed 0.3% amid broad-based....>

KOREAN WON
KOREAN WON: USDKRW has shed 0.3% amid broad-based dollar weakness, with the pair
last at 1135.35. Bears look to close the gap at 1120.0 while bulls look to
recover the 50-dma to reignite the uptrend. KRWJPY remains clear of the 200-dma
keeping the near-term outlook positive as the pair decouples from broader risk
appetite. 
- US-Korea real yield spreads have edged back up in recent days, acting as a
drag on the won, but the short-term correlation between the pair and real yields
remains weak. 
- Customs data showed that import prices collapsed 4.6% m/m in Nov, largely due
to lower oil prices. 

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