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USDKRW is broadly flat today at 1118.40,......>

KOREA
KOREA: USDKRW is broadly flat today at 1118.40, after recovering from daily lows
of 1115.63. KRWJPY is just off daily highs at 9.951, with the downtrend from the
June 6 high giving way as rate expectations head back in Korea's favour. 
- Korean 6-month swaps are trading at 1.7475, down 2bps from yesterday's highs
but still  pricing in a hike over the coming months by the BOK.
- Long-term breakeven inflation expectations have begun to rise over the past
month, and while they remain at just 0.92% on a 7-year basis, the trend is up. -
- Inflation, trade, and PMI figures will all be released tomorrow.

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