A fall in FX market volatility, but what next?

This week Co-Heads of G10 FX Brian Daingerfield and Paul Robson explore further market developments amid geopolitical tensions around Iran, including central bank policies and wider macroeconomic developments.Key topics covered:1. Impact of Iran-US tensions on FX markets2. Central bank reaction functions and monetary policy outlooks3. US dollar and yen outlook, alongside market expectations for Fed and Bank of Japan actionsThis episode was recorded on 23 April 2026.For any terms used please refer to this glossary https://www.natwest.com/corporates/insights/markets/glossary.htmlPlease view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html