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Goldman Sachs sees dollar strength persisting despite yen support
A report confirmed that Japan’s support for yen stabilization efforts does not threaten the dollar’s position as the world's primary reserve currency. Japan remains the largest foreign investor in the American Treasury bond market, which amounts to $31 trillion. Experts explained that joint interventions do not weaken countries’ confidence in dollar reserves, especially since Japan’s access to the repurchase program allows it to acquire dollars in exchange for bonds without selling them, thereby strengthening the dollar’s advantage in providing liquidity during crises. Although dollar and yen indicators have declined this week, the market remains supported by strong factors, with confidence in the US bond market and the dollar’s role as a global currency continuing to underpin it.
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