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FX options markets showed implied volatility peaking in USD/JPY and easing somewhat as downside risks receded. Traders awaited more data on the Omicron variant and the Fed's expected faster asset tapering.
Currency volatility around Fed policy shapes the dollar's direction, which indirectly influences commodity prices, but this is routine options-market commentary.
reuters.comDec 1, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
