Yesterday's USD sales weighed on.........>

KOREAN WON: Yesterday's USD sales weighed on USD/KRW at the re-open and the rate

last deals -4.05 fig. at KRW1,191.40. Little to write home about regional

headline flow so far.

- U.S. Dep Sec of State Biegun didn't reveal much of interest during his trip to

South Korea. After a series of meetings with off'ls in Seoul, he reiterated U.S.

support for inter-Korean dialogue. Biegun leaves South Korea for Japan today.

- Worth flagging that President Moon's office said that he will unveil the

details of the so called "Korean New Deal", i.e. a comprehensive economic

recovery plan, on Jul 13.

- South Korea's minimum wage committee holds one of its meetings today, to

decide the 2021 minimum wage.

- Losses past Jul 7/Jun 11 lows of KRW1,189.80/1,188.60 would open up Mar 5 low

of KRW1,179.90. Meanwhile, a jump above the 200-DMA/yesterday's high at

KRW1,196.78/1,198.90 would expose Jul 1 high of KRW1,204.65.

- The BOK publishes household lending data today, which will conclude South

Korean data releases for this week.