Goldman Sachs: Yen intervention strengthens the dominance of the U.S. dollar
2026.08.07 19:28:00
Goldman Sachs stated that recent interventions by the United States and Japan to support the Japanese yen have not weakened the U.S. dollar’s status as the world’s primary reserve currency, but instead reinforced it. Analysts noted that Washington’s intervention in the euro-yen (EUR/JPY) pair and Japan’s potential use of the Federal Reserve’s FIMA dollar facility underscore the depth and liquidity of U.S. financial markets. Goldman Sachs holds that no competing reserve asset currently matches the U.S. dollar in terms of global infrastructure, liquidity, and utility during periods of financial stress.
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