Japanese Finance Minister Shunichi Suzuki said Friday that his government will freeze assets in some Russian banks, as a part of the economic response to Russia's invasion of Ukraine.

Meanwhile, Japanese Industry Minister Koichi Hagiuda said the country will appropriately deal with oil release from national reserves in cooperation with relevant countries and International Energy Agency (IEA).

• USD/JPY rallies to mid-115.00s despite drop in US yields, bulls eye 116.30 resistance