Another quiet day ahead for Asia, with focus on Thailand’s customs trade prints for Jun and China’s industrial profits

GBL: Global Markets Daily

FX Research by Saktiandi Supaat

Awaiting the Fed

Another quiet day ahead for Asia, with focus on Thailand’s customs trade prints for Jun and China’s industrial profits. In the majors, focus on US durable goods and pending home sales for Jun before the FOMC decision; UK has 2Q GDP release, Australia just released its 2Q CPI and the upside surprise in the trimmed mean print of 0.5%q/q lifted the AUD towards the 0.7560 before reversing back. We expect USD/AXJ to remain broadly supported in subdued ranges as markets remains on wait-and-hold mode.