"At this point, it is worth noting a small bit of history. We began our career trading foreign exchange back in the 70's for what was then NCNB in Charlotte, N. Carolina, and we can recall well trading the Yen/dollar at 165 and higher. Indeed, we can recall not too long before that when the Yen/dollar rate had been centred upon 225. Thus, with that past history it is not difficult for us to envision the Yen/dollar rate moving readily to "Par" when it may well be quite difficult for others to even imagine that possible. It is to our advantage then to recall that history, and it is further to our advantage to understand that something truly tectonic in nature is taking place in the Yen/dollar and Yen/Non-US dollar relationships. Henceforth we shall try our best not to be concerned about 25 and 50 "pips" in the Yen/dollar relationship, for we envision hundreds upon hundreds of "pips" as the trade unfolds… multiples of "big figures" passing by over the course of the next several months and years." - D. Gartman (Mar 31/2010)