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0203 GMT – Most Asian currencies consolidate against the USD in the morning session ahead of this week’s major events. The FOMC meeting could be a USD swing factor, says Vishnu Varathan, head of economics & strategy at Mizuho Bank, in an email. If the Fed is emphatic about not being done yet with rate increases, reiterating “higher for longer,” Treasury yields and USD may be buoyed, Varathan says. However, if the Fed aligns with the view that it is done after a 25bps increase at this meeting, the USD may sell off amid falling Treasury yields, Varathan adds. USD/KRW falls 0.2% to 1,339.99, while USD/SGD is little changed at 1.3359 and AUD/USD is steady at 0.6633.(ronnie.harui@wsj.com)