💹USD/JPY Front-End Vol Remains Below Realized: Cable FX Macro
- Rosbel Durán
- Mar 16, 2023
- 1 min read
USD/JPY implied volatility seems to be unreactive to recent financial market stress and next week's FOMC. The 1-week tenor now captures the Fed meeting, we remind you that recent repricing has pared hawkish bets on U.S. interest rates
Options markets show expectations for volatility steady, the 1-week tenor USD/JPY IV stands below realized volatility at 16.815%, up 1.95 vols on the session. The yen implied vol curve remains inverted as 1-year tenor stands at 10.990%
1-week IV-Realized Vol shown below
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