Five pressure points to watch in Asian markets after Fed's 75 bps hike

Asia traders are waking up to a relief rally across the Pacific after Federal Reserve Chair Jerome Powell promised the biggest rate hike since 1994 won’t be the rule.
 

But nerves are frayed after this month’s market volatility and his warning that growth will slow and unemployment climb could still result in new bouts of risk asset selling.

Here are five key pressure points to watch in Asian markets on Thursday:

Yen Bears
 

The yen, pushed to a 24-year low against the dollar as it’s caught between a hawkish Fed and dovish Bank of Japan, will be in the cross-hairs of macro