Not fun to watch this as I use it and the yen to hedge my dollar exposure. It seems every currency stinks right now except dollar and yen, one by one they are going down I'm trying to find an argument to use a different currency but its hard, they have a budget surplus(they can bailout their banks) current account more or less in balance and the rate has already been cut a lot so no surprises to come I cant use any kind of european currency because the whole region banking system seems like a time bomb(if EUR goes down it will be a bloodbath for them all). NZD AUD are like CADs but worse due the carry trade accumulation CC and budget deficits. Pure Yen seem like a trade and not a hedge. suggestions?