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sd-10-EFTA01461150Dept. of Justice

EFTA Document EFTA01461150

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From: Tazia Smith Sent: 11/15/2013 10:14:46 AM To: [email protected] CC: Vahe Stepanian Subject: USDcJPYp zero cost one-touch option... ICI Attachments: pic00317.gif; pic23579.gif Classification: Confidential ; Paul Morris Jeffrey - we know you're bearish yen vs. US dollar. As you've seen, there has been recent momentum in the JPY sell-off vs the USD since last Thursday's breakdown to a 97 handle. USDJPY is presently -100.2. An at-the-money lyr USDc]PYp presently costs -4.6%.

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Dept. of Justice
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sd-10-EFTA01461150
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