Published at 01:31 (GMT) 07 Jul
USD/JPY Fixing set at 122.73.
Econs Akira Amari says Greece and EU need to work seriously to achieve a win-win situation in stand off. Working to hold ministers' meeting for TPP negotiations on July 28. Hope this meeting will lead to final agreement.
Yonhap: Samsung Electronics Co. estimated Tuesday that its Q2 operating income fell about 4%y/y as weak sales of its newest smartphones fell shy of expectations.
Operating profit reached KRW6.9 trillion ($6.13 bn) in the April-June period, down 4.03% from KRW7.19 trillion posted a year earlier, Samsung said in a regulatory filing.
On FX, USD/JPY at 122.72-73, hit highs around 122.79-80 on Japanese fixing demand, before coming off. USD/JPY up 1-big figure from Monday's 5-week lows of 121.75, vs Friday 122.77 close after Greece no in referedum. With USD/JPY back to "pre Greece" no levels. Showing relatively stable markets after Greece results. Bids at 122.40-50/122 lows from Japan pension funds, GPIF? Also agricultural and regional banks buying.
JPY/KRW looking supported now at 9.19-9.21 - with higher JPY/KRW welcomed by BoK and S Korea MoF. JPY/KRW hit 4-m highs above 9.21/9.23 on Monday in earlier Cross/JPY sales after Greece. Highest level since April 1 9.2390. Support at 9.15/9.00. Resistance at 9.25/9.50.
USD/KRW looking bid at 1,128.6. as it hit near 4-month highs of 1,129.0. Highest since March 18, 1,129.9. After open of 1,126.5 and Monday close of 1,126.5. Focus on Corporate Korean interest, eye selling from smart phone and electronics giants at 1,130. Some focus on Samsung results above - in competition with Apple and Xiaomi. Bids at 1,120-1,125, stops above 1,135.
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