Alan Knuckman's Guggenheim CurrencyShares Japanese Trade

Agora Financial's Alan Knuckman spoke on Bloomberg Markets about a bullish options trade in Guggenheim CurrencyShares Japanese FXY.

He thinks the U.S. dollar has topped out and he wants to buy the March 80 calls in Guggenheim CurrencyShares Japanese for $5.50. The trade breaks even at $85.50 or approximately 1 percent above the closing price on Tuesday.