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USDKRW opened below up trendline.........>

KOREAN WON
KOREAN WON: USDKRW opened below up trendline support from the Dec 4 lows but has
clawed back some losses to trade down just 0.25% on the day at 1118.20, still
below support turned resistance. 
- The won strength comes amid Friday's broad based dollar weakness amid a WSJ
report that the US Fed is considering slowing the pace of its quantitative
tightening, with the KRW Trade weighted index broadly flat. 
- KRWJPY has edged down from closing levels, with the 9.80 level acting as
resistance. 
- The won's strength over the past week vs the greenback comes despite a
widening of real yield differentials between the two countries.
- It is a quiet day on the data front today but CPI, PMI, and export data will
be the key areas of interest later in the week. 

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