How to Make Successful Strategies in Effects in Volatility

I found that a lot of correlation between currencies got mispriced over the years. And it's not that like they are mispriced because  the market doesn't know how to present just it's they're mispriced because of structural flows and edging flows. So you would go and let's just say let's take Australia dollar, Japanese yen and let's say let's do something more sexy. You'd buy the front end when it's trading cheaper than what you see as the forward realized volatility.