Japan fin min Suzuki: Rapid forex strikes are undesirable as they’d harm households

• If currency moves are excessive, we may need to smooth them
• Desirable for FX to move stably, high FX volatility undesirable
• Currency rate is stet by markets, reflect fundamentals

If you take this at face value, the implication is that Japan doesn’t mind USD/JPY rising along with fundamentals, they just don’t want it to happen too quickly.

This article was written by Adam Button at www.forexlive.com.