Risks to my plan of FIRE in Japan and how to hedge them?

My wife and I are in our mid-30s and live in low cost area in US as permanent residents. We're lucky enough to be in tech so we have accumulated a decent NW with most money in brokerage + retirement accounts.

The plan is to continue working for another 5 years, while continue investing in US stock market (index, structured notes, individual stocks with a 5% position in swing trading TQQQ). The goal is to have enough NW to move to Japan 5 years later and live a comfortable life (e.g. top bracket of NW in Japan)

Now it feels the biggest risk to my plan seems to be JPY strengthens over USD. with the rate hike upcoming, if USD / JPY goes back to 100 from ~150 now (33% drop) that will offset a lot of my investment return. I'm tempted to convert my dollars to yen or buy yen ETF (FXY), but I understand there's no guarantee it will perform US stock market and could be a bad decision. So I'd love to see other options I have to hedge this risk, or any other risk

by smilenceyu

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