We study the large λ limit of the loop-dependent characteristic
functional Z(λ)=, related
to the probability density function (PDF) of the circulation around a closed
contour c. The analysis is carried out in the framework of the
Martin-Siggia-Rose field theory formulation of the turbulence problem, by means
of the saddle-point technique. Axisymmetric instantons, labelled by the
component σzz of the strain field -- a partially annealed variable in
our formalism -- are obtained for a circular loop in the xy plane, with
radius defined in the inertial range. Fluctuations of the velocity field around
the saddle-point solutions are relevant, leading to the lorentzian asymptotic
behavior Z(λ)∼1/λ2. The O(1/λ4)
subleading correction and the asymmetry between right and left PDF tails due to
parity breaking mechanisms are also investigated.Comment: Computations are discussed in a more detailed way; accepted for
publication in Physical Review