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USDKRW is trading flat today holding.....>

KOREAN WON
KOREAN WON: USDKRW is trading flat today holding above yesterday's lows, last at
1118.40. The recovery in KRWJPY has also stalled as the pair edges slightly
lower to keep support-turned-resistance at 9.744 intact. 
- News out earlier from KCNA that Kim Jong Un will visit China on Jan 7-10 is
the only major headline while Korea's current account surplus narrowed sharply
in Nov but remained at USD5bn for the month. 
- Rate spreads have moved back in the US's favour over the past few days, with
the 2-year spread back at 94bps, undermining the fundamental backdrop for the
won.

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