EFTA02381186

From: Barrett, Paul S < Sent: Tuesday, October 25, 2011 9:24 PM To: Jeffrey Epstein Cc: Giuffrida, David Subject: CNY Jeffrey The lyr CNY forward points have moved to a 25bps discount (we unwound f=r a small $43K profit when they were still at a premium). We had a posit=on of $15MM. I think we should go back into this trade with $SMM. = We do not expect a US/China standoff and look for the CNY to fix to new h=ghs into year end. Let me know. Paul =p class=MsoNormal> Paul Barrett, CFA Managing Directo= Global Investment Opportunities Grou= JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019=/o:p> &nbs=; This email is confidential and subject to impo=tant disclaimers and conditions including on offers for the purchase or sa=e of securities, accuracy and completeness of information, viruses, confid=ntiality, legal privilege, date-last-viewed 0 date-received 1319577878 flags 261121 original-mailbox imap://[email protected]/%5BGmail%5D/All%20Mail remote-id 187306 EFTA_R1_01395871 EFTA02381186