Asian equities could trade mixed ahead of the FOMC decision later today. With a non-event macro calendar in Asia, attention turns to the Fed meeting with participants expecting a rate hike of 25bps, despite previous guidance for two more rate rises this year. However, market and economic analysts mostly anticipate an end to rate hikes after July due to expected cooling inflation. The expectations on guidance today could affect price action on both sides. Any dovish or hawkish surprises could affect cross-market asset pricing. It is worth closely watching the US Treasury curve dynamics and the USD ahead of the decision as key proxy risk.
