Asia FX Traders Brace for Risk of Disappointment by Fed, China
- ‘No rest for Asian currency traders this week,’ Omori says
- Stronger dollar pushed yen toward key level of 155 per dollar
This article is for subscribers only.
Asian currency traders have barely recovered from Wednesday’s selloff but they’re already hunkering down for the next macro risks on the horizon.
Trading desks across the region are bracing for the possibility of more losses when the Federal Reserve unveils its policy decision on Thursday and China’s lawmakers wrap up a meeting Friday. If the US central bank signals it’ll go slow on interest-rate cuts or Beijing’s announcement underwhelms investors, Asian currencies are likely to come under pressure.