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EM ASIA FX-Asia FX slip on caution before Fed speakers, Trump inauguration

* Focus on Fed speakers due this week, Trump's inauguration
    * Won dented by dollar-buying on dips, local importer flows
    * Asian currencies mostly lower against the dollar

 (Adds test, updates prices)
    By Masayuki Kitano
    SINGAPORE, Jan 16 (Reuters) - Asian currencies fell on
Monday, as investors awaited comments from Federal Reserve
officials this week and Republican Donald Trump's inauguration
for clues on the outlook for U.S. policies and the dollar.  
    The regional currencies gave back some of their gains from
last week, when the dollar fell after a news conference by Trump
offered little clarity on his fiscal policies.
    The South Korean won fell 0.6 percent as traders
bought the dollar on dips. Dollar-buying by local importers also
hurt the won, traders said.
    The Philippine peso slipped 0.5 percent,
pressured by dollar-buying by foreign players. Gains in
Philippine equities, however, helped limit the peso's
losses. 
    The downturn in Asian currencies came on a day when the
dollar climbed against sterling. The British pound dived to
three-month lows after media reports that the British government
is prepared to make a "hard" exit from the European Union
rekindled investors' fears about the impact of the impending
move. 
    Regional currencies are likely to stay on the defensive
ahead of Trump's inauguration on Jan. 20, especially given the
risk that he could elaborate on his fiscal policies, said
Masashi Murata, currency strategist for Brown Brothers Harriman
in Tokyo.
    While Trump's stance on the dollar will be a focal point, he
will probably avoid expressing any strong displeasure against
dollar strength for now since U.S. economic growth has been
firm, Murata added. 
    "It probably doesn't matter whether the dollar is strong or
weak, as long as the economy is doing well," Murata said. 
    "There are also merits to a strong dollar as that can make
it easier for money to head toward the United States."
    Trump, who has said in the past he would label China a
currency manipulator after he takes office, said in an interview
with the Wall Street Journal published on Friday that he
wouldn't take that step on his first day in the White House. 
    But he made plain his displeasure with China's currency
practices, and the Journal also quoted Trump as saying: "Our
companies can't compete with them now because our currency is
strong and it's killing us." 
    Investors will also be watching a series of comments by Fed
policymakers later this week.
    These include Fed Chair Janet Yellen, who is due to speak on
Wednesday and Thursday, and Fed Governor Lael Brainard who is
scheduled to speak on Tuesday. 

    CURRENCIES VS U.S. DOLLAR
  Change on the day at   0601 GMT                         
  Currency                 Latest bid   Previous  Pct Move
                                             day  
  Japan yen                    113.93     114.55     +0.54
  Sing dlr                     1.4276     1.4275     -0.01
  Taiwan dlr                   31.657     31.602     -0.17
  Korean won                  1181.40    1174.70     -0.57
  Baht                          35.42      35.40     -0.05
  Peso                         49.865     49.640     -0.45
  Rupiah                        13350      13323     -0.20
  Rupee                         68.15      68.16     +0.01
  Ringgit                      4.4640     4.4600     -0.09
  Yuan                         6.8919     6.9022     +0.15
                                                          
  Change so far                                           
 in 2017                                          
  Currency                 Latest bid   End prev  Pct Move
                                            year  
  Japan yen                    113.93     117.07     +2.76
  Sing dlr                     1.4276     1.4490     +1.50
  Taiwan dlr                   31.657     32.279     +1.96
  Korean won                  1181.40    1207.70     +2.23
  Baht                          35.42      35.80     +1.09
  Peso                          49.87      49.72     -0.29
  Rupiah                        13350      13470     +0.90
  Rupee                         68.15      67.92     -0.34
  Ringgit                      4.4640     4.4845     +0.46
  Yuan                         6.8919     6.9467     +0.80
 
 (Reporting by Masayuki Kitano; Additional reporting by Yena
Park on SEOUL and IFR Markets' Catherine Tan; Editing by Shri
Navaratnam)
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