Watching EMs and the USD after this week's Fed speak

Bit of a mixed bag out of the Fed this week, seems like some are still hawkish but others are pointing to a softening. I'm keeping a close eye on how this translates to EM currencies and equities. The $USDZAR hovering around 16.5218 today and $EEM at 64.32 is interesting; if the dollar softens on less aggressive rate hikes, those EMs could get a nice boost, but we've seen this movie before where any hint of continued tightening sends them reeling. Definitely keeping these on a short leash.