Since the beginning of the week, G10 currencies were range bound. The lack of major news, both on the political and monetary policy sides, has caused a collapsed of volatility levels. The CVIX (Currency Volatility Index) eased to 6.87%, the lowest level since September 2014. The 3m implied volatility in EUR/USD fell to 4.14%, while the one on USD/JPY eased to 7.92%. The FX market will likely remain flat-lined this week as investors await news about Trump’s Tax plan and developments about the Brexit negotiations.
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