31.   Some traders took the remark as a suggestion that Japan might sell dollars if the U.S. currency rises too far too fast.

32.   The dollar slipped against the yen after traders took remarks from Bank of Japan Gov. Yasuo Matsushita to mean the bank was preparing to raise interest rates.

33.   The next day, Davenport blasted the media for taking the remark out of context.

34.   The remarks were widely taken that the Fed might raise rates to prick a speculative bubble.

35.   Then a spokesman takes over, explaining that the remark had been taken out of context.

36.   This is hard to do, as they tend to take any remark personally.

37.   Traders in financial markets took those remarks in stride, and both stocks and bonds rose the next day.

38.   Traders took the remark as a suggestion the central bank may be preparing to raise rates.

39.   Traders often take remarks by U.S. Treasury officials about trade imbalances as a signal of concern that the dollar may be too strong.

40.   Traders took the remark as a suggestion that the central bank may be preparing to raise rates.