"a long term hold"? Well, you're right about that! I know people who've been holding this since it was $70.oo!! That's a LONNNNGGGG time! ROFLMAO! FXP is a SCAM. Why do you think Proshares has lawsuits up the wazoo??? The most you'll make on this POS is $2.oo.
I was thinking the same way which you mentioned on this message board. The following is the video of two Japanese guy who are aware of Chinese economy and market. If you have somebody who can translate to you, it might be helpful for you to see when to sell and when to buy FXP. Good luck. I strongly believe that main factor for us to buy and sell FXP is exchange rate of yuan-US$.