• FX option implied volatility flags increased actual volatility expectations

• Entire implied volatility curve lifted from recent and longer term lows

• More buyers of short date expiries to benefit from near term FX volatility

• Overnight (next day) expiry now 13.5 vs 10.0 Wed, 1-week up big 2.0 to 10.0

• 1-week expiry now Thurs May 4 - captures both Fed and ECB rate decisions

• Billions of euro's of near term strike now expired to free EUR/USD shackles

For more click on FXBUZ