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Impacts on USD as funding gap bill has been rejected

USD index moving steady in Asian session with smaller expected impact for USD after the Senate rejects the funding gap bills (50-49) last Friday and will vote again around NY noon time. Slow start for USDJPY rebound which lead some early USD short coverings. As EUR and GBP are in lock tight range consolidation as well. The Upcoming events such as BOJ meeting in Tuesday, Thursday’s ECB meeting, Swiss Davos conference, US durable goods orders, NAFTA talks etc. will be the focus for the week. Today, other events beside Senate vote and only Chicago Fed National Activity Index as well as stock/bond market move will have some intraday impact. Overall, USD stays in sideway consoldiation with attention to EUR and USDJPY this week.

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