# Block 029 — FX regime classification

**Status:** ○ queued
**Phase:** Phase 1 (FX)

## Topic scope

Risk-on vs risk-off FX regimes. USD funding stress regime. Carry unwind regime. Correlation breakdown regimes.

## Plan

_(Filled at session close of prior block, per 2026-06-23 convention.)_

## Carry-forward to next block

_(Filled at session close.)_