50 Delta ATM Volatilities:
USDJPY -
- $Yen has an ATM implied volatility curve of 55.95%mrkt 24.08%1wk 18.31%2wk 14.12%1m
- Obviously we are aggressively steeper in the front end, with BOJ tomorrow and JPY MOF Fiscal Package details coming next week providing heightened vol for the 1day and 1wk vols - naturally we then see the curve tail off as the event...
Yen$ Technical analysis - Bullish but fundamentally driven this week:
Key level close:
1. On the daily and weekly we closed above the 2nd strongest pivot point of recent times at 1.055 - this is very supportive as historically this is the strongest level (next to 100/101).
MA:
1. We trade above the 4wk ma and the 3m MA is acting as strong support (black...
