JPY and USD are the top G10 FX gainers today while CHF and GBP are the top losers, down -0.38% and -0.36% vs the dollar. The Fed raised rates (by 25bp) as widely expected and we have since seen a rally in the dollar. That said, the US 10-year yield is down post-FOMC as a more hawkish stance was priced in. We remain unchanged on our view and expect dollar rally to be short-lived. In the Asian equities space, the Nikkei 225 closed down 0.99% at 23,796.74, Hang Seng closed -0.36% at 27715.67 and Kospi ended +0.70% at 2355.43. The European equities were trading mixed with the FTSE +0.33% at 7516.75, DAX -0.5% at 12323.54, and CAC -0.21% at 5501.32. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 3.0443% and the Bund 10-year yield trading at 0.511%. In the energy space, the Brent (front month) is trading up (0.76%) for the day at $81.96.