Japan finance minister Suzuki says rapid FX moves undesirable, recent moves speculative

Japan finance minister Suzuki with the ramped-up rhetoric (respond, rapid, speculative, won’t rule out anything). the danger of trotting this stuff out every day is that market becoming jaded and selling yen regardless.

• Won’t comment on forex levels
• Important for
  currencies to move in stable manner reflecting fundamentals
• Rapid fx moves
  undesirable
• Speculative moves
  seen behind recent weak yen
• Won’t rule out any
  steps to respond to disorderly fx moves
• Closely watching fx
  moves with a high sense of urgency
• Will respond fx
  moves appropriately

For now its still having an impact though:

This article was written by Eamonn Sheridan at www.forexlive.com.