EEM taking a hit post-Powell, what's the play?

Powell's recent hawkish leanings are putting a real damper on things, seeing $EEM down 1.97% to 63.33 today. It's not entirely surprising given the dollar strength narrative, but it does make me wonder if this is just a knee-jerk reaction or a deeper unwinding for emerging markets. Definitely watching to see if it holds above that 63-handle, or if we're in for a retest of lower supports – might be an opportunity if the selling gets overdone.