Russia-Ukraine crisis provides safe haven flows. The USD as well as JPY were on the rise on Friday as well as during today’s Asian session as safe haven flows tended to support the currencies due to the instability and the possibility of war in Ukraine. It should be noted that a call made between the US President Biden and Russian President Putin ended inconclusive and that the US has warned repeatedly that Russia could invade. US stockmarkets were in the reds as market sentiment turned cautious, while investors seemed to turn towards precious metals as gold’s price jumped as it may have gotten also support by a drop of US treasury yields. Also as a result of the Russia Ukraine crisis, worries in the oil market for a possible disruption of supply of the commodity were in the rise causing WTI’s price to rise. It should be noted that on Friday the drop of the preliminary University of Michigan consumer sentiment, yet that did not deter the greenback bulls from taking over and given the lack of high impact financial releases from the US today we expect fundamentals to guide USD. On the other hand the common currency tended to weaken against the USD on the same prospect, while EUR traders are expected to keep a close eye over ECB President Lagarde’s speech later today. It should be noted that last week the ECB president issued a warning against tightening the monetary policy too fast with possible hasty rate hikes, as they may not tackle the inflation issue and could endanger the recovery of Eurozone’s economy, and should she sound dovish once again we may see the EUR suffering further losses today. On the EUR’s fundamentals the tensions between Ukraine and Russia, could weaken the common currency further as a possible war could slow-down the area’s economic recovery as well.