Forex News USD/KRW turns lower after hitting intraday high of 1,016.1 on suspected USD-selling by FX authorities, say traders; pair at 1,011 vs 1,012.8 last close, tipped in 995-1,015 range. "Authorities seem to have sold about $500 million at levels above 1,014," says local bank trader; adds, pair may rebound if FX authorities do not intervene aggressively. JPY/KRW at 9.5110 vs 9.6476 last close.
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