Japanese Prime Minister Fumio Kishida said on Tuesday that they will extend an additional $100 million in humanitarian aid to Ukraine, as reported by Reuters.

Additional takeaways

"G7 agreed Russia is to blame for global price increases."

"Japan will extend support to expand Ukraine's grain storage capacity as harvest season nears."

"Will do utmost to secure enough power supply in Japan."

"Will work hard to realise continued wage hikes."

"G7 agreed that unilateral attempt to change status quo by force is unacceptable."

Market reaction

USD/JPY preserves its bullish momentum after these comments and was last seen rising 0.57% on a daily basis at 136.20.