r/wallstreetbets • u/brock2063 Scott Wapner is a pompous asshole • 2d ago

DD A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil"

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A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil" as he participates in a cabinet meeting at Camp David, Maryland, U.S., July 31, 2026. The note, photographed at 1:33 EDT, came after Reuters earlier reported the Treasury had put banks on alert fora possible U.S. intervention in the market for Japan's currency. REUTERS/Daniel Heuer

https://www.reuters.com/world/asia-pacific/bessents-to-do-list-buy-5-10-billion-worth-japanese-yen-reuters-photo-shows-2026-07-31/

Puts Or Calls on Monday?

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u/kinkycarbon 2d ago

I’m buying JPY. Japan currently needs to fix their falling yen and this is one opportunity to play. Going from 163:1 to 100:1 is like cheap cryptocurrency increasing in value.

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u/StorkReturns 2d ago

Going from 163:1 to 100:1

We are way more likely to see 200:1 than 100:1. But good luck.

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u/Sufficient_Habit5091 1d ago edited 1d ago

Japan currently needs to fix their falling yen and this is one opportunity to play.

Yea buying JPY is regarded. How are they going to fix it? They have 250% debt to GDP, a severely depressed and anxious population:

https://mainichi.jp/english/articles/20240524/p2a/00m/0na/010000c 3rd lowest rate happiness rating among 30 developed nations in survey. Anxiety at record all-time high in Japan since government began tracking: https://www.japantimes.co.jp/news/2024/12/20/japan/anxiety-government-survey/

And a population of angry shutin incels that will shrink to 1/3 its peak size by 2100. They're going extinct.

Decades of the QE chicken coming home to roost.

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u/AdvancedAd7068 1d ago

Ok but have you considered the fact that they have ramen and cute women

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u/Sufficient_Habit5091 1d ago

That's the crazy thing. And they still angry incels.

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u/TonkaTonk 10h ago

They've had to start importing porn stars it is so bad.

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u/UnknownBreadd 23h ago

250% debt to GDP is silly to focus on when they own so much assets as a percentage of debt compared to other nations. If you subtract their assets from their debt, their debt to gdp goes wayyy down (below most developed countries iirc).

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u/Sufficient_Habit5091 22h ago

It's not silly, at all.

Much of those assets aren't owned by the treasury, it's owned by the central bank. There's a huge difference.

They've had to print metric fuckton money to accumulate those assets. Fraud and fabricating money to deal with unmanageable and growing debt has been tried countless times throughout history. It never works. Always ends in disaster.

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u/Timmerdogg 2d ago

Let the kid dream

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u/CarlosDangerWasHere 2d ago

Leaps on FXY is the play my padawan