The Japanese Yen Is a Good Addition to a Portfolio

The Japanese yen is a good addition to a portfolio from a portfolio construction perspective. But since we're trying to run an alpha book on top of a structural allocation, I'm not really sure that I'm willing to bleed the carry right nowSince it's been more or less performing as the Chinese reminabi. Let's see. We're still almost comfortably too comfortably long, the dollar versus the Chinese you want. And our live portfolio are 15 to 20 research pieces a week.