⚠️FX Vol / Spot Correl

• The J.P. Morgan G10 FX Volatility Index increased to 6.77 this week, prev. close 6.68. FX vol has been holding closer to the upper range seen for the last couple of months

• A couple of notes in FX baskets: currencies remain highly correlated to volatility swings, however, it's interesting to see that EUR, GBP / JPY basket was more sensitive than the high-beta FX / JPY basket.