with “risk on” creeping back although
yesterday’s disappointing data from Malaysia industrial production and Taiwan’s exports are re-
minders that Asian outlook remain subdue for this year, and focus today will be on US Fed’s new
chair Yellen congressional testimony this evening.
In Asian session on Mon, KRW gained 0.3% to 1,071.22/USD and hit intraday high of 1,070.20 the
strongest since 29 Jan. TWD gained 0.1% to 30.380/USD at close on Mon from 30.406 on Fri. THB
was flat at 30.82/USD while MYR hovered around 3.3385/USD late afternoon, 0.3% down from
3.3290 on Fri after the weaker-than-expected industrial production data yesterday
