EFTA Document EFTA01468441

Subject: Re: Jeffrey - latest prices with suggested sizes - Nay [I] From: Nay Gupta <ME > Date: Mon, 21 Apr 2014 14:43:41 -0400 To: Tazia Smith Cc: Vinit Sahni Paul Morris The qns are 1) do we think usdjpy can exceed 103 his approx break even from current valuation before maylst and 2) is it worth spending more money on the same bet by rolling his option longer. 1). Spot is 102.60. 103 isn't far away. In the next month I don't see any obvious triggers for usdjpy to drop or rise a lot.