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It's been a while since the NY crossover......>

FOREX: It's been a while since the NY crossover has seen implied volatility
higher across the board, but that's the case this morning. Some of the largest
changes are seen in USD/JPY, where 1m implied vols have risen 0.23 points and 3m
by 0.16 points. Nonetheless, they're off their highest levels of the session.
Risk reversals look more mixed, with market looking for more downside protection
in USD/JPY and AUD/USD, but upside protection in EUR/USD.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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