FX OPTIONS: EUR/USD 1-Year Vol Offered at 6.4% Traded Level

1-year implied volatility is currently offered at the 6.4 pct level at which an ATM option strike reportedly traded in nearly two-thirds-of-a-yard yesterday. The 1-year traded at 6.35 pct earlier today. Less than a fortnight ago, a 1-year ATM strike traded at an all-time low of 6.075 pct (Feb 22).