As the financial world turns its eyes toward the Federal Reserve and awaits the decision on interest rates, JPMorgan Chase's Adrian Mowat said Monday he believes a hike will be something positive for Asian markets.
"I think it will mean a great sense of relief. Just get on with it," the company's chief emerging market and Asian equity strategist said in a CNBC "Squawk on the Street" interview.
"I think the psychology of the central bank not moving ... when the marco-economic data is very strong, in particular when we look at those vacancy data points from last week, is a problem," Mowat added.
The Fed is scheduled to kick off its two-day meeting on U.S. monetary policy Wednesday and is slated to announce its decision Thursday at 2 p.m. ET.
Mowat also said that, if the central bank does in fact raise rates, it will lead to widespread short covering in the region, which could lead to a bounce.