Volatility Eases on Haven Currencies as Tariff View Moderates

Implied volatility measures on safe-haven currencies eased further on Monday, extending already prolonged declines, amid reports that President Donald Trump’s coming wave of tariffs will be more targeted.

For dollar-yen, the one-month implied vol dropped for a 10th straight session to 9.48%, the longest slump since December 2019. A similar gauge on EUR/CHF slid to 6.27%, falling for an eighth day out of nine to levels last seen in early March.