EUR/JPY risk reversals: Put bias strongest since March 23

EUR/JPY risk reversals fell to two-month lows.

The EUR/JPY one month 25 delta risk reversals (EUJP1MRR) fell to -1.38 on Wednesday - the lowest level since March 23 - vs. -0.75 seen in April 24.

The drop in the risk reversals from -0.75 to -1.38 represents a rise in the implied volatility premium for EUR/JPY puts (or JPY calls), i.e. the bearish bets are in demand.

EUJP1MRR

May 23, 2018

NZD/USD back into 0.69 as RBNZ continues to float negative cash rates

The NZD/USD tumbled into the 0.6900 handle today following dovish statements from the Reserve Bank of New Zealand's (RBNZ) McDermott. The Kiwi dumped

UK CPI to remain at 2.5% y/y in April - Nomura

In the view of analysts at Nomura, the UK consumer prices are seen stagnating in April, despite the recent oil-price rise. The UK CPI report will be r