FW: [Maybank] AXJs Seeking Cues; Consolidate

 

 

AXJs Seeking Cues; Consolidate FX Asia Fortnightly by Saktiandi Supaat FX Research AXJs are likely to take their cues largely from external events in the next two weeks including new Fed Chair Powell's testimony to Congress on 28 Feb & 2 Mar, US PCE core (1 Mar), US ADP (7 Mar) and NFP (9 Mar). A more hawkish Fed stance and data outperformance could keep the USD supported and lift USD/AXJs higher. Aside from the USD, AXJs are also likely to track moves in the USDCNY where lower fixings could help anchor USD/AXJs lower. Given the two forces at work in opposite direction ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.