Goldman, BofA See No Imminent Intervention Risk as Yen Nears 155

Goldman Sachs Group Inc. and Bank of America Corp. see little immediate risk of currency intervention in Japan, saying the usual triggers “have not yet been met” even as the yen approaches the closely watched 155-per-dollar level.

The yen “does not appear to be at particularly weak levels,” Goldman strategist Karen Reichgott Fishman wrote in a note dated Monday. Recent underperformance has been driven largely by a repricing of Japan’s fiscal risk premium and near-term Bank of Japan rate expectations, she said.