• USD/KRW opens tad higher Mon at 1438.1, tracking USD/JPY

• Suppressed, with ceiling of downtrend channel 1449.3 to cap spikes

• Another close below 61.8% Fibo 1429.0 will lure more sellers

• USD/JPY bobs up after steep drops to as low as 157.00, last 157.85

• DXY tanked due to joint US-Japan yen intervention

• S. Korea July exports beat forecasts at +62.8% y/y
KRW


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)