FW: [Maybank] USD/ASEAN Upside Could Persist

 

 

GBL: USD/ASEAN Upside Could Persist FX Asia Fortnightly by Saktiandi Supaat FX Research The USD should remain supported in the two weeks ahead should US data (particularly PCE Core, ADP and NFP) surprise to the upside. Japan is in election mode and PM Abe's LDP is primed to win a majority in the Lower House, and JPY weakness should persist. In the rest of Asia, continuing USD strength could see some upside to USDAXJs, albeit at a more gradual pace. We see room for 1-month USDIDR NDF and USDTHB to trade higher towards the 13600 and 33.500 levels respectively ... 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.