The JPM FX Global Volatility Index reached above 10.0, the volatility gauge is the highest since the 2020 pandemic crisis
Volatility curves are higher across tenors with gamma in demand: Bloomberg
Option volumes recorded on DTCC show euro and yuan most active, with common currency volumes partly driven by profit-taking; notable trades include EUR200m of 3.-mo. 95 puts and a 3-mo. 0.9940 vs. 1.1195 risk reversal: Bloomberg
Rate differentials are not the only factor to keep the USD bid, FX and rates volatility is reflecting in dollar strength. The CBOE VIX ticks above 30.0 heading into the last trading sessions of April, a month when volatility tends to fall
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