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I think you're severely exaggerating the drop of other currencies against the Yen:

http://finance.yahoo.com/echarts?s=USDJPY=X#symbol=USDJPY=X;range=2y
http://finance.yahoo.com/echarts?s=EURJPY=X#symbol=EURJPY=X;range=2y

I see more like a 20-25% drop, not 40-60%.



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