The PHLX Japanese Yen US Dollar Settled Trust (.XDN) is seeing four times its normal trading volume, with active trading in the June and September put options. The fund is holding steady after three consecutive days of losses, as the dollar rallied Wednesday through Friday of last week. Today, 7,000 of the XDN September 85.5 puts, todays most actives, were being bought to open. The June 100.5 and 97.5 puts were hitting mostly on the bid side. After seeing gains early, the dollar was recently trading down .05 to 104.35 on the yen. Cosnequently, XDN is up 7 cents to $95.82 a share.