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The foreign exchange market (forex, FX, or currency market) is a global, worldwide-decentralized financial market for trading currencies. Commonly traded instruments include spot, forward, swaps, futures, and options. The FX market is the most liquid financial market in the world. There is no unified or centrally cleared market.
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Calculating probability of Yuan's slump from options market
there is nothing to do with implied distribution from option prices calculated with Breeden-Litzenberer approach. this distribution is "risk-neutral" not "real". consider this as a sort of theoretical …