Feb. 1 (Bloomberg) -- Japan may intervene in currency markets if the yen approaches a new high in Asian trading, Goldman Sachs said.
The hurdles for intervention have become higher due to criticism from U.S. and European authorities, Naohiko Baba, the chief economist for Goldman Sachs in Tokyo, wrote in an e-mailed note. Japan may attempt large-scale intervention if the yen reaches a new record against the dollar in Asian trading hours and continue so-called “stealth” operations for several days, according to the note.
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