Russia returns troops to bases
Risk sentiment improves on Tuesday as the possibility of a military conflict in Ukrainian Crimea has become significantly lower. Russian President Putin ordered troops to return to their bases from the Ukraine's borders. The return was ordered after a Defense Ministry report, which said the exercises have been conducted successfully, Putin's spokesman Dmitry Peskov told the media.
The unplanned military drills in central and western Russia were launched last Wednesday. They involved 150,000 troops, 90 aircraft, 880 armor, 80 warships and other hardware.
The situation is still developping, but the immediate market reaction was to sell "safe haven" JPY and CHF and to buy the riskier assets.