HONG KONG, Feb 21 — Currency markets started the week nervously eying tensions in eastern Europe, with the safe-haven yen not far from a two-week high while the euro was on edge given the energy security and economic implications for Europe of a war in Ukraine.
In turn, the yen lost a modicum of ground on the dollar following the announcement, which comes after a week of heightened tensions spurred by Russia’s military build-up on Ukraine’s borders. Earlier in the session the euro had been hurt and the yen boosted by yesterday's announcement from the Belarusian defence ministry that Russia would extend military drills in Belarus.
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