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USDKRW is trading just off its daily.....>

KOREAN WON
KOREAN WON: USDKRW is trading just off its daily low at 1124.90, falling 0.38%
on the day despite no major news. Waning upside momentum suggest some further
stalling in the uptrend, while support for the pair comes in around 1120, which
marks the uptrend from early June. 
- The sharp rise in USDJPY over the past week appears to have weighed on the
won, with the rolling correlation between the two currency pairs rising to
multi-month highs in recent months. 
- Bigger picture, with the 2-year yield spread between the US and Korea
continuing to widen, and the real yield spread following suit, USDKRW should
continue to see fundamental upside pressure. 

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