A look at the day ahead in Asian markets from Jamie McGeever.
To slightly mangle Bruce Springsteen's "Born To Run": the market's jammed with broken heroes on a last chance Powell drive; everybody's out on the run tonight, and there's no place left to hide.
There certainly appears to be no place left to hide from higher U.S. interest rates, bond yields and a stronger dollar following Fed ChairInvestors had generally expected Powell to strike a hawkish tone, so the scale of price adjustment across financial markets after he opened the door to higher and possibly faster rate increases was even more staggering.
Asian markets will feel the aftershocks when they open on Wednesday, with Japanese current account data the only major economic data point on the calendar that could potentially influence the yen.
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