This is a comparison of one-week volatility readings for the majors (derived from options) between current readings and those from the peak of the market's turmoil on Friday. Expectations for price dramatic price action are still exceedingly high. Aside from massive pull back in USDJPY, the majors are proving slow to settle. Does this suggest there may be another breakout soon? Pair Current Friday
EURUSD 20.36% 28.78% GBPUSD 20.70% 26.95% USDJPY 26.82% 43.97% USDCHF 18.53% 27.42%