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USDKRW remains down 0.4% on the day......>

KOREAN WON
KOREAN WON: USDKRW remains down 0.4% on the day thanks to a combination of risk
on sentiment in global equities and some broad based weakness in the greenback.
While implied volatility has seen a rare jump on the day, there remains a large
gap between USDKRW and implied vol which is short term bullish for the won.

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