Putin orders troops to return back to base

FXStreet (Bali) - A Risk-on environment has engulfed the market ahead of European trading, after headlines from varies news agencies citing Kremlin spokesman said Russian President Putin ordered troops to return back to base, away from Crimea. The story is still developing but the immediate reaction has been to sell the JPY and buy risk currencies such as the Australian Dollar or the Euro. The S&P 500 futures also soared on the news, heading towards new all time highs.