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Yen on Watch: Goldman Says More Intervention Likely If Gains Unwind

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‼️ “It seems likely that authorities would intervene further in coming days if the yen begins to unwind the recent move, as was the case in May of this year,” Goldman Sachs Group Inc. strategists including Kamakshya Trivedi wrote in a note. “We continue to think intervention is an effective tool for authorities to buy some time before fundamental factors turn more positive.”