Those looking for hints/signals from Fed Chair Yellen at her speech at Jackson Hole later tonight (10pm SG/KL t

GBL: FX Tech Weekly

FX Research by Saktiandi Supaat

Beyond Jackson Hole

Those looking for hints/signals from Fed Chair Yellen at her speech at Jackson Hole later tonight (10pm SG/KL time) may be disappointed. We believe she is not likely to drop much hints so as to maintain optionality with regards to timing of next rate hike and reiterate recent assessment from FoMC minutes. USD/AXJs could turn lower - USDMYR could break below 4.00 towards 3.98; USDKRW could break below 1100-handle again towards 1092 levels. But we don’t expect a free fall in USD and could...

Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg