Looming FOMC Decision Keeps Participants Sidelined

AUD narrowly outperformed its G10 peers in a tight Asia-Pac session,
despite having a brief hiccup after the release of mixed Australian Q2
CPI figures, which didn't deviate much from expectations. Across the
Tasman, NZD lost ground, landing at the bottom of the G10 pile.
AUD/NZD registered its best levels in nearly two months.

• Little to write home apart from that, as the looming FOMC MonPol
  decision kept participants on the sidelines. Overnight news flow failed
  to provide any meaningful catalysts.
• JPY held steady after Fitch revised Japan's credit outlook to
  negative from stable, while affirming the rating at "A".
• Spot USD/IDR fell to a new two-week low only to stage a dynamic recoil,
  which turned the rupiah into the worst performer in Asian EM FX space.
  Nothing much to underpin those moves in terms of fresh drivers.
• Apart from aforementioned FOMC decision, focus falls on U.S.
  wholesale inventories and French consumer confidence.