Global Reseve Currencies to Date

Over at All Star Charts, JC has posted a very interesting chart showing that the only major equity markets in the world to post gains over the course of the year to date are the US and Japan.  Here is a chart along those lines, except we're looking at the major currency ETFs:

First, the only currency to hold it's value in positive territory this year is the US dollar.  The Australian dollar is just barely negative.   I believe a key issue here is their interest rates are still relatively high (standing at 3%).  The big loser is the yen, which the Japanese are deliberately trying to crash to boost exports.