Japan’s Suga: Russia seized 5 Japanese fishing vessels, JPY ticks higher
|Japanese Chief Government spokesman Suga is on the wires now, via Reuters, noting that Russia seized 5 Japanese fishing vessels.
Suga said the vessels were seized on December 17th.
The ships were fishing for octopus near the four islands when they were taken by Russian ships for “investigations” on suspicion they had violated fishing agreements, Japanese media said.
In the latest update, Japan’s Foreign Ministry has demanded the release of the crews of five fishing boats detained by Russia, per Reuters.
This could turn out be a brewing conflict between Japan and Russia, with the market already feeling the heat of it, as the safe-haven yen is seen gaining a few ticks across the board.
USD/JPY is in daily lows near 109.40 while S&P 500 futures have turned red. The US Treasury yields are seen extending the losses, at the press time.
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