⚠️💱 FX Implied Volatility Curves Reinvert: Cable FX Macro
- Rosbel Durán
- Mar 12, 2023
- 1 min read
**As seen in Macro Walk report 03/11/23, subscribe at cablefxm.co.uk/reports
FX pairs implied volatility in short-term tenors jumped in the week to see curves reinvert. Antipodes led the rise in the 1-week space as NZD IV jumped by 4 vols to 15.49%.
Volatility in USD/JPY did not follow through as the market saw past the BoJ risk event, however, the vol premium in the yen remains above 350 basis point
The euro heads into final CPI data from the eurozone, the U.S. inflation report and the ECB. The 1-week tenor jumped by 3.3 vols to 11.123%, this leaves its vol premium at 330bps,the spread is the widest since late February
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