Tuesday, October 12, 2010

After FOMC Minutes: Will the Bank of Japan Act Again Tonight?

The US dollar tanked hard after the release of the FOMC minutes today. The Yen is soaring, creating an impossible to tolerate scenario for the Bank of Japan.

Here are October straddles, not for the faint of heart. Requires about 1% move.

Computed with the StraddlesCalc tool.

Options are dangerous and may cause 100% loss. This is not advice. Do your own due diligence pelase.

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