Mizuho Corporate Bank - Plunging to a low at 95.77 as, with just two days to go, there is still no consensus on the top three jobs at the Bank of Japan. No wonder one-month at-the-money implied volatility has rocketed to 21.20%. It should hold above 13.50% for weeks. Note that in October 1998 it peaked at 34.00%. For this morning the Yen should hold above 95.77, consolidating with large erratic intra-day swings up to 99.00.
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