Goldman: Japan has room for more yen support funded by Fed access
Goldman Sachs says Japan has enough cash—about $200 billion of its roughly $1 trillion in USD reserves—and access to the Fed's FIMA facility to fund a couple more rounds of large yen-buying intervention, potentially matching last month's size. With the yen around 160 per dollar after a historic two-day move and investors watching the BOJ's September policy meeting, the next intervention will hinge on the U.S.-Japan yield carry; analysts warn interventions aren’t a lasting fix, though they can buy time.