Friday, we got back to work on CNBC’s " Money in Motion " after being off due to the Olympics. We did two sections on US interest rates and the sudden rise of the 10yr bond yield . I focused on how to trade around the FOMC minutes that will be released on Wednesday.

Here’s a chart of CADJPY and the yield of the US 10yr.

The following are my bullets from the show. We had one of my favorite economists on Deutsche Bank’s Joe Lavorgna to discuss the FOMC. Click here to watch the video .

FOMC Minutes Trade: Two trade for the price of one

FOMC minutes will give you opportunity as they should be more dovish and hint at QE3 (Explain this ).

If you’ve missed the weak yen trade, here’s a way to get back on.

First, go against it and then go with it.

I expect current Yen weakness to stall before the meeting, then the FOMC to be dovish and then the markets to go back to yen weakness.

Sounds crazy, but this is how you play FX chess: think 2 to 3 moves ahead.

Sell CAD/JPY at 80.45

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