• USD/KRW bobbed up to end Mon just above Fibo support

• Last 1429.5, perched above 61.8% retracement at 1429.0

• Spikes to be capped by 1443.9 ceiling of downtrend channel

• Following USD/JPY rebound, most USD/AXJ trade firmer

• But possibility of further yen intervention can't be discounted

• S. Korea July inflation data weaker than expected
KRW


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