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Implied Volatility Ticks Higher, Powell's Fedspeak In View


1-Month Implied volatility in FX markets, measured using the JP Morgan G-10 Volatility Index, sits a touch of its highest level since late July. However the measure remains well within recent ranges.

  • We sit at 8.28%, a high of 8.33% was printed yesterday. however we remain well below 2023 highs seen in early January. Cycle lows of 7.04% were printed in mid-June.
  • Despite ticking higher in recent dealing Implied FX Volatility remains relatively stable across G-10 space.

Fig 1: JPMorgan 1-Month G10 FX Volatility

Source: JP Morgan/MNI/Bloomberg

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