A look at the day ahead in European and global markets from Tom Westbrook
, briefly bidding up oil a little bit but otherwise standing back to wait for clarity.
Oil moved up as the instability could mean challenges for exporting Russian crude, but moves were only modest. The rouble gapped down to a 15-month low in Moscow. But plenty of other possibilities opened too, with questions over Russian President Vladimir Putin's grip on power, and most traders seemed to elect to do nothing for the time being.
Japan's yen caught a brief boost from a summary of opinions at the last Bank of Japan meeting that showed one policymakerIntervention remains a possibility as the currency slides to levels that triggered the government to step in last year, and on Monday Japan's top FX diplomatThe yen is down almost 9% year-to-date as markets have gradually priced in U.S.
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