New Syria resolution in Senate sets 90-day deadline for U.S. military action

FXstreet.com (Barcelona) - A new use-of-force resolution for Syria sets a 60-day deadline, with one 30-day extension possible, for U.S. President Barack Obama to launch military strikes against Syria, reports Politico from a revised draft authorization, also adding it will also bar the involvement of U.S. ground forces in Syria.

As Politico adds: "The revised resolution was crafted by Sens. Robert Menendez (D-N.J.) and Bob Corker (R-Tenn.), the chairman and ranking member of the Foreign Relations Committee, following several days of negotiations." The proposal could go for voting by Wednesday.

The latest developments follow an early report suggesting an attack to Syria being a matter of 'when' not 'if', as U.S President Barack Obama has recently received key Republican endorsements.

GBP/JPY refuses to roll over – thus far; key hurdle remains 155.81

The GBP/JPY has remained at a very elevated level despite some short-term Yen strength and pound weakness. BOE and BOJ will be the big drivers of trading this week.
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