Core Insights - The Japanese Yen has depreciated by approximately 50% against the U.S. dollar over the past five years, creating opportunities for ETFs that hedge JPY/USD exchange rate risk while investing in Japanese large-cap stocks [1]. Group 1: Market Trends - The depreciation of the Japanese Yen presents a significant risk and opportunity for investors focusing on Japanese equities, particularly those utilizing hedging strategies [1]. Group 2: Investment Strategies - The investment approach discussed includes a combination of long stock positions with covered calls and cash secured puts, emphasizing a fundamental long-term perspective [1].