QE2 and The Bank of Japan Reaction: FXY Options

After the massive QE2, the Yen continued to climb today, further complicating the life of Japanese exporters. The Bank of Japan meets tomorrow in reponse.

These are the current FXY straddles, requiring a move of 2%, computed with StraddlesCalc.

Options are dangerous and may cause 100% loss. Please do your own due diligence.