USDKRW trades near daily lows at.........>

KOREAN WON: USDKRW trades near daily lows at 1124.70 after a weak open following

Friday's combination of risk on and dollar weakness. The won strength has

allowed down trendline resistance from the Oct highs remain intact. After a

large shift lower in recent weeks, implied vol has begun to pick up slightly.

KRWJPY has edged higher this morning after recovering above 9.8 on Friday

following a number of failed attempts by bears to close below the 21-dma.

- Foreign Investors Added Net 3.73t Won Korean Stocks in Jan according to South

Korea's Financial Supervisory Service. In contrast foreign investors sold net

3.74t won of Korean listed bonds in Jan.

-It is a quiet start to the week on the data front but it will pick up later in

the week. Import and export prices hit tomorrow, while PPI, 20 day trade

figures, consumer confidence, discount and department store sales, and household

lending are due later in the week. 

-The main market driver is likely to be ongoing US-China trade talk

developments.