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Japan has the firepower to intervene 30 times in currency markets at last week's scale, Goldman Sachs says.
Goldman Sachs estimates Japan can intervene 30 more times at last week's scale.
KEY POINTS
- Japan likely spent about ¥5 trillion ($31.3 billion) supporting the yen last Thursday.
- Authorities acted as the yen weakened past 160 per dollar, revealing a clear defense line.
- The intervention occurred during moderate volatility, clarifying policymakers' sensitivity to specific currency levels.
COMPANIES
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