A notepad in front of U.S. Secretary of the Treasury Scott Bessent reads "To Do Buy Japanese Yen $5-10 bil"
u/brock2063 ·
Reddit — r/wallstreetbets
· July 31, 2026 at 23:52
· ⬆ 36 pts
· 💬 26 comments
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AI Summary
Summary
Post highlights a Reuters photo showing Treasury Secretary Bessent’s notepad with “To Do: Buy Japanese Yen $5-10 bil,” following reports that the Treasury put banks on alert for possible yen intervention.
Author’s implied thesis: U.S. FX intervention to buy yen signals dollar weakness / yen strength, and he asks whether to trade puts or calls on Monday.
Quality: News-based speculation and headline chasing, not deep DD. The photo may be staged, and intervention size is small relative to FX markets.
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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?
The U.S. Treasury hinting at yen purchases implies the administration wants a weaker dollar. Dollar-negative intervention or jawboning should pressure the U.S. dollar index, which UUP tracks. Shorting UUP or buying puts is a direct bearish-dollar trade aligned with the post’s “so bearish on the dollar” sentiment. Intervention could fail, be symbolic only, or trigger a violent dollar short-covering rally.
Bessent’s notepad and Reuters reporting suggest the U.S. Treasury may actively buy yen with dollars. Treasury buying yen is a direct USD-selling / JPY-buying signal, which should push FXY (yen ETF) higher. Long yen via FXY or call options expresses the author’s implied bullish-yen/bearish-dollar view. Intervention may be a one-off, small ($5-10B), or just a photo op; dollar strength could resume quickly.
This Reddit post, published July 31, 2026,
features u/brock2063
discussing UUP, FXY.
2 trade ideas extracted by AI with direction and confidence scoring.