Japan’s Suzuki says rapid FX moves are undesirable

I’m not sure how many times we’ve heard these comments before, but here we go:

• Japan FinMin Suzuki: Won’t comment on forex levels.
• Japan FinMin Suzuki: Important for currencies to move in stable manner reflecting fundamentals.
• Japan FinMin Suzuki: Rapid FX moves undesirable.
• Japan FinMin Suzuki: Deeply concerned about excessive, one-sided moves on forex.
• Japan FinMin Suzuki: Closely watching FX moves with a high sense of urgency.
• Japan FinMin Suzuki: No comment on whether current levels are excessive or not.
• Japan FinMin Suzuki: Believe trust in Japanese currency maintained.

That last one gave me quite a chuckle.

This article was written by Arno V Venter at www.forexlive.com.