The Bank of Japan may confound the chorus of analysts calling for further easing at its policy meeting Friday.
Asian stocks mostly fell on Thursday, after the Fed signaled that a December rate hike was still on the table.
Roger Bridges, global rates and currency strategist at NIkko Asset Management, says the dollar, already higher on the back of the Fed statement, could strengthen again if the ECB or BOJ decide to ease further.
Lena Teoh, head of asset allocation for Asia Pacific at Credit Suisse, says Asian markets are ready for a Fed rate hike in December.
Ron Napier, head of Napier Investment Advisors, says the Bank of Japan will hold on easing because its $660 billion bond-buying program is sufficiently large.
Jesper Bargmann, head of trading for Asia at Nordea, and Kelvin Tay, MD and regional CIO for southern APAC at UBS Wealth Management, discuss the probability of a Fed rate hike in a volatile global economy.
Japan's industrial output rose 1 percent on-month in September, suggesting the economy is emerging from the doldrums.
Greg Gibbs, director at Amplifying GFX Capital, thinks the strength of the greenback will push back a Fed rate hike to 2016.
Investors have been cautious while waiting on market-moving events this week, explains Andrew Sullivan, MD of sales trading at Haitong International Securities.
The dollar dipped on Monday although an improvement in risk appetite after China's monetary easing limited the losses.
Norman Chan, investment director at NAC Private Wealth Advisory, says investors should wait for further activity before concluding that China's IPO market has improved.
A key Chinese Communist Party meeting, a Japanese data barrage and a Fed meeting will be the big events in a packed week for markets.
Southeast Asian currencies will likely continue to rally on the back of ECB easing expectations and the Fed's delay, says Richard Yetsenga, head of global markets research at ANZ,
Here are the events you need to be aware of in the week starting Monday, October 26.
Asian stocks put up a mixed performance on Thursday, as investors kept a wary eye on China which recovered from the prior day's sudden sell-off.
Japan's progress thus far will have been in vain if the Bank of Japan does not increase its quantitative easing program, says Ken Peng, Asia investment strategist at Citi Private Bank.
Asia diverged on Wednesday, with China stocks posting its worst one-day performance in five weeks. By contrast, Japan's Nikkei 225 jumped on the back of easing hopes.
Lower Japanese exports are "symptomatic of weakness in global demand," not the yen, says Ray Attrill, co-head of FX strategy at National Australia Bank.
Guillaume Chatain, executive director and head of equity solutions at JPMorgan Private Bank, says the global market rally fueled by a delayed Fed rate hike is not sustainable.
Ed Rogers, CEO and CIO of Rogers Investment Advisors, says Japan's supplementary budget spending is more likely to support domestic equities than central bank stimulus.