Asian FX reacted positively to the Fed in initial trades with KRW leading the pack at 0.7%

GBL: Global Markets Daily

FX Research by Saktiandi Supaat

A Sprinkle of Optimism

Asian FX reacted positively to the Fed in initial trades with KRW leading the pack at 0.7%. Interestingly, JPY and MYR were runner ups as we write, up +0.5% each. The former was complicated by its domestic policies. Nikkei was down -0.8% as market investors brace themselves for a disappointment tomorrow after PM Abe announced a JPY28 trn fiscal stimulus but failed to provide more detail yesterday. Economic measures are said to be compiled next week. USDJPY is likely to remain in sideway swivels