The document discusses relative value opportunities in volatility surface distortions, specifically focusing on EUR/USD FVAs, USD/JPY vol swaps, and AUD/USD puts. It highlights potential catalysts affecting EUR/USD implied volatility, such as US fiscal issues and EU political uncertainty, and suggests strategies for hedging against event risks. The analysis also covers long-term model valuations for JPY volatility and the implications of changes in commodity prices, Japanese current account, and US equities' P/E ratio.
doj/DataSet10/EFTA01451179.pdf
{"title":"FX Blueprint: Thin end of the wedge","document_date":"2014-01-09","document_type":"financial","document_subtype":"financial analysis","key_organizations":["Deutsche Bank"],"reference_numbers":["DB-SDNY-0107459","SDNY_GM_00253643","EFTA01451179"]}