Deutsche Bank FX Strategists predict USDJPY rates of 115 by end of 2014 and 120 by end of 2015. Discussion of a 10-year expiry SY call option with specific characteristics and risks. The option decays positively if SY stays at current levels, knocks out if SY trades at 90.00, and is sensitive to SY spot moves. Maximum loss is the premium paid.
doj/DataSet10/EFTA01451207.pdf
{"key_people":["Nav Gupta","Tazia Smith"],"document_type":"correspondence","key_locations":["London, United Kingdom","New York, USA"],"document_subtype":"memo","key_organizations":["Deutsche Bank AG","Deutsche Asset & Wealth Management","Deutsche Bank Securities Inc"]}