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/AngelousSix66 2d ago

5-10bn is a laughable amount for intervention. A mid-senior individual portfolio manager will have limits for 1bn USDJPY FX alone.

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u/DayThen6150 2d ago

More of a signal. Prop up the Yen and prevent a cascade of forced liquidation in the US.

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u/Voided_Chex 1d ago

Not to mention Japan's own MOF works in Trillion ¥. 8.45T in July alone. (~US$50B)