it's been a very popular trade, being short the yen, long the knee kay. but it's long in the tooth. if we look at dxj, it's starting to hit up against resistance around $40. that's really where resistance is. 11,000, here we go, nice line. so, what i would do here is, i'd start to get out of dxj, start taking profits. and the reason why is, if you look at japanese government bonds, those yields are going up for the wrong reasons. over the weekend, we had some news that japan was going to rely less on debt and more on taxes. you would think that bond yields would go down on that. but you can see here, they've really popped up.if japan starts to lose control of their bond market, it's going to be a big, big problem. so, you get out of the dxj if you have the ability to short japanese government bonds, do it now.