I posted about this trade here: http://ibankcoin.com/xtrada/2013/01/02/happy-new-year-and-going-long-the-yen/

Basically it reached the target I set in November 2012 so I thinking we’ll get a pullback. It’s very risky since the YEN looks like it’ll fall forever.

Bought some FXY Feb 115 Calls:

Yen_030113

It feels a bit early so I’m willing to buy additional calls down to the low $111 level in FXY.

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