Breaking: Ukraine declares State of Emergency (Also rumours Russia military action could begin 4am local time)

Ukraine declares the State of Emergency that markets had been waiting for.

Markets are in a trial spin of risk-off with the yen benefitting and AUD pressured to fresh risk-off lows at 0.7221.

There are also rumours that Russia's military action could begin at 4am local time (please note, this is not fact-checked but only a market rumour at the time of writing).

More to come...