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- Volatility on the Forex market increases amid rising risks
Volatility on the Forex market increases amid rising risks
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Loading...A gauge of global volatility has risen to its highest level in almost three weeks as France tail risks and changes in risk sentiment on geopolitical developments support.
JPMorgan index on global vol rises to 9.27, up a fifth day It reached 8.65 on March 16, the lowest level in more than two years.
Crosses, partly driven by a surge in the two-week tenor that now captures French first election round.
Bearish sentiment on euro crosses remain strong as hedging bets still in vogue.
Sharp retracement in wings demand, with 10d butterfly on the one-month in EUR/JPY down at 0.81, versus 1.02 on Thursday
USD/JPY options are most active today, accounting for 29% of total volume, trades reported by DTCC show
Total volume was $6.7b as of 7:20 a.m. in London vs $51.9b on Friday.
Large option expiries for NY cut, based on DTCC data:
EUR/USD: 1.0635 (EU420m)
USD/JPY: 111.00 ($296m), 111.35 ($410m), 111.50 ($485m), 112.00 ($740m)
EUR/GBP: 0.8600 (EU300m)
AUD/USD: 0.7430 (A$299m)
source: Bloomberg
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