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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FOREX
- Overnight USD implied vols are broadly higher across a panel of both G10 and EM currencies, with today's US CPI release spurring hedging activity in anticipation of acute volatility.
- USD/JPY vols now clear 32 points, the highest level since the September Fed rate decision (where they hiked 75bps) and the third highest read since the onset of the COVID pandemic in 2020. An ATM overnight USD/JPY straddle breaks even on a circa 180 pip move in the pair today - the widest breakeven since Q3 last year.
- In terms of vol premium added, EM currencies and Scandi FX are seeing front-end vols rise most materially, suggesting high beta markets are at risk of the most out-sized moves. In G10, overnight SEK and NOK vols have added near 5 points in the run-up to CPI, while ZAR vols have added just over 7 points.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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