The U.S. is Preparing to Sell U.S. Dollars And Buy Japanese Yen for The First Time This Century

THE U.S. IS PREPARING TO SELL U.S. DOLLARS AND BUY JAPANESE YEN FOR THE FIRST TIME THIS CENTURY

The US Treasury has told a number of banks it may intervene in the yen market today and that they should “stand ready for future action.”

The last time the US bought yen and sold… pic.twitter.com/4qeqwap0IT

— Bull Theory (@BullTheoryio) July 31, 2026

Scott Bessent and Kevin Warsh are both signaling to markets that they are prepared to sacrifice the bond market and the U.S. dollar to support equities.

A substantial dollar devaluation may therefore be in the cards, similar to the Plaza Accord or the devaluation in 2002–04.

— Cabana Boy ???? (@Alkibiades_) July 31, 2026