This week's JPMorgan options screener.......>

OPTIONS: This week's JPMorgan options screener flags that:

- PLN, CAD, HUF, AUD and NZD vs. USD vols are a buy from a beta-to-vol

perspective, while CNH, INR, KRW, RUB and TRY are a sell, adding that ZAR, HUF,

PLN, AUD, NZD, CAD and SEK skews offer good value.

- JPM write that NOK 1y vol is 1.5 vols rich, with GBP/USD is also rich; CAD,

EUR, CHF, JPY vols are all below fair value. The rates model now finds the

average G10 FX USD vol as overvalued by 1.5 vols.

- They conclude that steady normalization of FX vols since mid-March implies

more and more dislocations correcting on a weekly basis. NOK, AUD and NZD vol

remain overvalued vs other G10 and EM vols.

- In EMFX, LatAm is now just modestly rich vs CEEMEA and Asian vols. In Asia,

KRW vol is now slightly undervalued vs. SGD and CNH vols.