Biden Putin meme

Here's the latest report from PBS NewsHour chief Washington correspondent Geoff Bennett:

The U.S. believes Putin has decided to invade Ukraine and communicated those plans to the Russian military, three officials tell
@nickschifrin . Two admin officials say they expect the invasion to begin next week—echoing what Secretary of State Blinken has said.
Defense officials anticipate a horrific, bloody campaign that begins with two days of bombardment and electronic warfare, followed by an invasion, with the possible goal of regime change. The North Atlantic Council was briefed on this new intel today.

This is heady stuff. We've heard this all before so there's a bit of crying wolf here but the timeline has always been mid-February because Russian ships have finally arrived into the Black sea.

Newshour tweet

USD/RUB was already higher today and jumped further on the report:

USDRUB daily

Gold is also surging.

I believe the clearest safe haven is buying the yen, though I'm open to being convinced otherwise. Oil is up $4 now, so that's also an option.

Biden had a call today with transatlantic leaders that concluded about 90 minutes ago.