fx

Won and Yen Firm as Vol Drops; KOSPI’s 3% Day Tells a Cross-Asset Story

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Won and Yen Firm as Vol Drops; KOSPI's 3% Day Tells a Cross-Asset Story

Lead: the single most important number today The VIX fell 5.11% to 15.03, a level that signals traders are pricing in calm rather than stress, even as the dollar softened against both the Korean won (USD/KRW down 0.3% to 1,498.87) and the Japanese yen (USD/JPY down 0.53% to 161.67). That combination — falling volatility, a … Read more

Dollar, Gold, Vol Regime: July Opens With a Paradox

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Dollar, Gold, Vol Regime: July Opens With a Paradox

What Happened Wednesday’s opening session of July delivered a sharp risk-on surge: the Nasdaq Composite jumped 3.42% to 26,164, the S&P 500 gained 1.88% to reach 7,492, and the CBOE Volatility Index fell 5.78% to 16.63 — a level that places US equity volatility firmly in a low-regime environment. Korea’s KOSPI gained 0.78% to 8,476, … Read more