156 Implied distribution for Foreign Currency Options The implied distribution is as shown in Figure 15.2, page 332 Both tails are heavier than the lognormal distribution It is also" more peaked than the lognormal distribution Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 15.6 Implied Distribution for Foreign Currency Options • The implied distribution is as shown in Figure 15.2, page 332 • Both tails are heavier than the lognormal distribution • It is also “more peaked than the lognormal distribution