 This is from ING on Friday, a good call on yen and a look ahead at the Bank of Japan policy meeting that begins on Tuesday, 17 January and concludes Wednesday the 18th. Looking at the FX options market, USDJPY remains the stand-out interest. One-week implied volatility remains at a very high 20 and volatility for the Bank of Japan BoJ meeting next Wednesday is priced as high as 40 or a near 1.7 move in spot USDJPY. As events showed yesterday with the 2 USDJPY fall, even... 