NATO has officially told Reuters that an official invasion of Ukraine has begun. So far, however, risk currencies in forex are holding their own battle lines, with AUD/JPY at daily trendline support:
NATO's General Stoltenberg said, "We stand with the people of Ukraine at this terrible time,” adding that “NATO will do all it takes to protect and defend all allies.”
AUD/JPY daily / H1 charts
Reuters has reported that Russian President Vladimir Putin authorised a military operation in eastern Ukraine on Thursday in what could be the start of the war in Europe over Russia's demands for an end to NATO's eastward expansion.
"The goal is to defend people who have been victims of abuse and genocide from the Kyiv regime. And we will strive to demilitarize and de-Nazify Ukraine. We will also hand over everyone who committed bloody crimes against civilians, including Russian citizens, to court," said the Russian President.
''I am sure Russia's armed forces will fulfil their duty professionally and bravely. I have no doubt that all levels of government will work effectively together: the specialists in charge of economic stability, the financial and social system, and our business."
Meanwhile, US president Joe Biden has said Putin is responsible for the human suffering as a consequence to come and he will speak to the American population tomorrow. US President Biden promises "further consequences" for Russia.
This comes as Reuters witnesses are reporting explosions head in Kiev and in the Belgorod Province of Russia.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD falls toward 1.1400 after soft Eurozone inflation data
EUR/USD keeps the red near 1.1400 in European trading on Tuesday. The data from the Eurozone showed that the annual HICP inflation softened to 1.9% in May from 2.2% in April, weighing on the Euro. Meanwhile, the broad-based USD recovery ahead of key job openings data from the US drag the pair lower.
GBP/USD retreats toward 1.3500 as BoE policymakers testify
GBP/USD stays under modest bearish pressure and declines toward 1.3500 in the European session on Tuesday. While testifying before Parliament, BoE Governor Bailey noted that they have not seen inflation surprises and reiterated that they need to approach policy-easing in a gradual and cautious way.
Gold price retains its negative bias as goodish USD rebound overshadows weaker risk tone
Gold price maintains its offered tone below a four-week top touched earlier this Tuesday though it has managed to rebound slightly from the daily low set during the first half of the European session. The intraday slide is sponsored by the emergence of some US Dollar buying, which tends to undermine demand for the commodity.
Crypto Gainers WIF, SPX, HYPE: Meme coins soar with Bitcoin’s recovery to $106K
Crypto market bounces back as Bitcoin (BTC) reclaims the $106,000 level at press time on Tuesday, resulting in a refreshed rally in top meme coins such as Dogwifhat (WIF) and SPX6900 (SPX), and Pepe (PEPE).
AUD/USD turns lower toward 0.6450 after RBA Minues, poor China's PMI
AUD/USD is meeting fresh supply toward 0.6450 in the Asian session on Tuesday as traders digest the RBA Minutes and the unexpected contraction in China's May Caixin Manufacturing PMI. Additionally, a modest US Dollar rebound keeps the pair undermined.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.