For Japan to move the yen down in price anymore than the 111 - 112 level would be a "brutal currency move." That is AGAINST G-7, G-10 and G-20 globally agreed upon currency policy that Japan helped establish. Japan is prohibited from further weakening the yen. As soon as their corporations in Japan book their profits BOJ will let the USD slide against the yen back down to the 105 level, probably lower. Cheers! Sam
Looks lower to me... http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID742211&cmd=show[s10147742]&disp=P
Think those Euros etc are long gone .......... My guess is the last one was covered just before that letter was emailed out..........