asian stocks and emergingmarkets currencies should be resilient shortend bond yields are likely to move higher those are some of the key takeaways from strategists on how asian assets will respond to the federal reserve’s “hawkish” pause in monetary tightening with the decision to hold rates in a range of 5 to 525 widely anticipated investor focus has turned to fed’s socalled “dot plot” forecasts and chair jerome powell’s comments the dots indicate cuts in 2024 while powell played this down suggesting that lower rates may be “a couple of years out” read more powell says nearly all officials expect ‘some’ further fed hikes here’s what investors and strategists focused on asia had to say after the fed brendan mckenna emerging markets economist and currency strategist at wells fargo in new york “i would expect asia fx to be flattomodestly stronger today the skip was expected but i think markets are left a little confused on the dot plot and powell’s commentary we may need some clarification in the near future and until we get that asia may trade a bit sideways for the time being” “on the fx side we still like the high beta countries so indonesia and korea on the rates side the central banks approaching rate cuts or already cutting are an opportunity so china thailand and india” jayati bharadwaj currency and emerging market macro strategist in new york hebe chen analyst at ig markets ltd in melbourne “it appears that until a promising cooling occurs in the labor market the fed is unlikely to declare an end to it” “asian currencies are likely to face pressure while investor risk appetite would be constrained as investors need to reassess their strategies using a new playbook” “probably the commodity sectors are gonna be kinda weaker we saw a little bit of a weakening of the dollar actually that banged around all day so that would be slightly offsetting that” “asia in general think it would be a softer session for those markets and i wouldn’t be surprised to see actually over the next week probably the us kind of consolidate to down as well given the overbought conditions in the nasdaq” david croy a strategist at australia  new zealand banking group in wellington