Japan ends min Suzuki: rapid currency fluctuations are not desirable because they would harm households

• If currency fluctuations are excessive, we may need to smooth them out
• It is desirable for currencies to move in a stable manner, but high currency volatility is undesirable.
• The exchange rate is set by the markets and reflects fundamentals

If you take this literally, it implies that Japan doesn’t mind USD/JPY rising alongside fundamentals, but it just doesn’t want it to happen too quickly.

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

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