Yen Soared on Risk Aversion ahead of Crimean Referendum Market sentiments tumbled last week on growing worries over the situation in Crimea, which is going to have a referendum on whether to rejoin Russia this Sunday. There were reports that Russian troops massed for excise on the boarder of eastern Ukraine. The meeting between US Secretary of State Kerry and Russian Foreign Minister Lavrov yielded no result. Investors are seeing the current tension in Crimea as the biggest geopolitical threat since the end of the Cold War. And it's so far uncertain on what Russia would do after Crimean referendum. The UN Security Council will meet today to vote on a US proposed resolution but that would likely be vetoed by Russia. US and EU could apply Iran style sanctions against Russia if it doesn't back down from annexing Crimea. In short, there are a lot of uncertainties surrounding the issue and financial markets would likely stay in roller-coaster ride in the early part of this week. Full Report Here... | 
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