Japan Prime Minister (PM) Fumio Kishida crossed wires during the initial hour of Tokyo open on Tuesday while saying, "We will make a strong protest against Russia."

Reuters also mentions Japan’s PM Kishida as strongly opposing Russia’s decision to cancel peace talks.

“It is ‘unfair’ and ‘completely unacceptable’,” adds the Japanese leader per Reuters.

Market reaction

The news exerts additional downside pressure on the market sentiment, already challenged by firmer yields. As a result, the S&P 500 Futures drop 0.20% by the press time of early Tuesday morning in Asia.

Also read: USD/JPY prints fresh six-year high at 119.50 on higher odds of seven rate hikes by the Fed in 2022