triggers for usdjpy to drop or rise a lot. For 50k I'd keep it and if usdjpy rises to 103.25 or 103.50 sell 100pct of the delta to lock in p&I 2) is it worth spending more. The japan story seems to be losing momentum. This has shown up in nky but not usdjpy. I'd be inclined to find a longer tenn cheaper way to bet. I'll take a look tomorrow to see what looks smart now that vols are a lot lower. Best Nav On 21 Apr 2014, at 19:33, "Tazia Smith" <tazia.smith@db.com> wrote: Classification: For internal use only Nay - thoughts on his 102.50 strike USDcJPYp that matures 5/1...-46k left of value (down —143k). Maintain short yen view (this was his, he thought it was going to 110 within the time frame). Do you roll it here and save what's left in the premium? <0.25A.gif> <0.50CC.gif> Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 10154-0004 New York. NY. USA Tel. +1(212)454-2889 Fax +1(646)257-3131 Mobile +1 (917)327-4107 Email tazia.smith@db.com <0.5B0E.gif> Paul Morris---04/21/2014 01:59:09 PM---Classification: For internal use only thx pls stay on him, hope you're all well, From: Paul Morris/db/dbcom®DBAMEFtICAS To: Nay Gupta/db/dbcom®DBEMEA, Cc: tazia.smith@db.com vinit.sahni@db.com Date: 04/21/2014 01:59 PM Subject: Re: Jeffrey - latest prices with suggested sizes - Nay [1] CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0111726 CONFIDENTIAL SONY GM_00257910 EFTA01453880