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Daily outlook for USD/KRW: BofA Merrill Lynch

Quotes from BofA Merrill Lynch:

- USD/KRW continues on its upward trend. In the sessions ahead we expect a test and break of the Dec-05 high at 1122.6 ahead of 1157 and eventually 1186/1187. 

- Pullbacks should be limited to the 100d (now 1089.6). 

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