EM ASIA FX-Most Asia FX up on U.S. jobs, China exports; Fed caution caps gains

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SINGAPORE, Sept 9 (Reuters) - The South Korean won hit a

four-month high on Monday, during which most emerging Asian

currencies rose on short-covering after lukewarm U.S. job data

and stronger-than-expected China exports that supported regional

stocks.

The won gained as sustained stock inflows

prompted stop-loss dollar selling despite increasing caution

over possible intervention by the foreign exchange authorities.

The Taiwan dollar advanced on demand from foreign

financial institutions, though its upside was limited by central

bank purchases of the U.S. dollar.

The Malaysian ringgit and the Philippine peso

appreciated as investors cut bearish positions.

Still, emerging Asian currencies are unlikely to rise

further as long as investors maintain expectations that the

Federal Reserve may dial down its quantitative easing, analysts

and traders said.

Most U.S. primary dealers expect the Fed, at its policy

meeting on Sept. 17-18, will cut the size of its bond purchases,

according to a Reuters poll.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0820 GMT

Currency Latest bid Previous day Pct Move

Japan yen 99.41 99.13 -0.28

Sing dlr 1.2717 1.2737 +0.16

Taiwan dlr 29.798 29.900 +0.34

Korean won 1086.80 1093.00 +0.57

Baht 32.25 32.39 +0.43

Peso 44.24 44.48 +0.54

Rupiah 11170.00 11150.00 -0.18

*Rupee 65.24 65.24 -0.00

Ringgit 3.3020 3.3285 +0.80

Yuan 6.1213 6.1205 -0.01

Change so far in 2013

Currency Latest bid End prev year Pct Move

Japan yen 99.41 86.79 -12.69

Sing dlr 1.2717 1.2219 -3.92

Taiwan dlr 29.798 29.136 -2.22

Korean won 1086.80 1070.60 -1.49

Baht 32.25 30.61 -5.09

Peso 44.24 41.05 -7.21

Rupiah 11170.00 9630.00 -13.79

Rupee 65.24 54.99 -15.71

Ringgit 3.3020 3.0580 -7.39

Yuan 6.1213 6.2303 +1.78

* Financial markets in India were closed for a holiday.

(Reporting by Jongwoo Cheon; Editing by Richard Borsuk)