The forex markets are steady in tight range in Asia, while Dollar remains the strongest one for the week. Main focus today is on whether Fed would deliver a 75bps hike as markets fully priced in, or stick to its "original plan" of 50bps hike per meeting. Yen is staying as the second strongest on risk aversion while Euro is third. Sterling remains the worst performing, followed by other commodity currencies. Technically, it should be pointed out that Dollar has yet to take out near term resistance level against most major currencies. The levels include 1.0348 in EUR/USD, 0.6828 support in AUD/USD, 1.0063 resistance in USD/CHF and 1.3075 resistance in USD/CAD. These are the levels for the greenback to overcome. In Asia, at the time of writing, Nikkei is down -0.83%. Hong Kong HSI is up 1.42%. Chinas Shanghai SSE is up 1.41%. Singapore Strait Times is up 0.62%. Japan 10-year JGB yield is up 0.019 at 0.275, after touching 0.3 briefly. Overnight, DOW dropped -0.50%. S&P 500 dropped -0.38%. NASDAQ rose 0.18%. 10-year yield rose 0.117 to 3.483. | 