Royal Bank of Scotland - "Against the background of improved US data and more easing from the Bank of Japan, the focus has been on a break to the topside in USDJPY. But we believe an Obama victory should see US Treasury yields move lower – suggesting in turn that the JPY bears may have to wait a little longer.
Trade: Buy 1m USDJPY 78.50 European Digital (payout if spot is below 78.50 at expiry)
Entry: 18.0% of USD payout [80.10 spot]
Payout Ratio: 3.9x"