Today the thing they own is 2345 and the Yen is 152.70. If they sold it and converted back to yen they have 2345/152.7=15.357 USD Their return is 15.357/13.337-1=0.151 or 15.1% in USD vs the 0.02% loss on SPY Ok let's be practical
Original source ↗  |  February 14, 2026 at 13:38 UTC  |  Twitter - @dampedspring
Sentiment BULLISH

Today the thing they own is 2345 and the Yen is 152.70. If they sold it and converted back to yen they have 2345/152.7=15.357 USD Their return is 15.357/13.337-1=0.151 or 15.1% in USD vs the 0.02% l

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SHORT @dampedspring Today the thing they own is 2345 and the Yen is 152.70. If they sold it and converted back to yen they have 2345/152.7=15.357 USD Their return is 15.357/13.337-1=0.151 or 15.1% in USD vs the 0.02% l —