Fairly steady start in Asia with the stockmarkets only very slightly in the red and this is easing any feelings of panic in a headline-driven FX market.
USD/KRW has opened near 1180 and USD/SGD is in fact starting to ease a bit lower, so that will calm nerves.
(Edit: Hearing now that the Bank of Korea may have been selling USD/KRW on the open. If that’s true, and we should hear confirmation fairly soon, then they will probably be selling EUR/USD on rallies into early European trade)
