0125 GMT - Asian currencies are mixed against the dollar as traders assess the FOMC statement and economic projections released overnight. Overall, changes in the Fed's economic forecasts suggest a slight transition in risk toward stagflation, Maybank forex analysts say in a research report. The shift in the FOMC's dot plot was clearly hawkish, the analysts say. However, "markets seem to think that the Fed is willing to look through inflation this time to support growth," taking the base-case scenario that tariff-induced inflation could be transitory and focusing on growth instead, the analysts add. USD/JPY falls 0.2% to 148.35; USD/KRW edges 0.1% higher to 1,459.31; AUD/USD sheds 0.3% to 0.6336. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 21:25 ET (01:25 GMT)
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