....an interesting snapshot of historical vols for the GBPJPY... 1M ATMF Straddle vols quoted at 6.60 x 6.90% by broker GFI on Bloomberg (GFFX)
LOL... well, maybe some sort of temporary pullback on vols, before we puke some more... I see the VIX opened and went to the HOD of 20.41, dipped back down into the lows around 18.15 or so, and rallied the last 12 mins of the equity day, 22 or so for Spooz....
I think this is a sell every rally until the market makes you pay for it type market. Seems we could see another 5% to the downside, but that is just the opinion of this humble trader.