• overthrow Ukrainian leadership, undermine presidential election and break up “our country”

Acting president out on reuters

  • separatist action in eastern Ukraine shows second stage of Russian special operations against Ukraine is under way
  • anti-terrorist measures will be used against those with weapons
  • Russia has strengthened presence on Ukraine border and playing out “Crimean scenario”

Things are hotting up again but no real reaction from the market still as yet

Add:

  • US envoy to OSCE says Russia should take steps to de-escalate crisis and engage with the international community

USDJPY steady at 103.20. USDCHF likewise at 0.8890 after its earlier dip