JPMorgan: The anomaly is that FX has remained relatively placid
FX carry has navigated the risk washout fairly well, with the odd EM exception (e.g. MXN); various flavors of our systematic cany strategies have delivered ~ -1% over the past week but are still materially up (1%+) MTD. EUR/USD as well as European haven FX (e.g. EUR/CTIF) have remained oddly calm amidst widening OAT