Sell USD call JPY put option

Current USDJPY spot rate at 109.04.

You can sell USDJPY put option at 105.00 for 1 month tenor.

Yield to investor is 0.30% or 3.60% per annum.

1 month later if USDJPY falls below 105.00, you will have a buy USDJPY position at 105.00, which is a good level.

1 month later if USDJPY does not fall below 105.00, the option will expire worthless. Hence no further commitment required by investor.



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