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TRYJPY

(Last Updated February 24, 2021)

Hello! This is the news page for TRYJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for TRYJPY

metric_name reference_period asset_name asset_id date time forecast outcome
Turkey MPC Meeting Summary NA Turkish Lira TRY 2021-02-25 11:00 GMT
Japan Retail Sales YoY Jan 2021 Japanese Yen JPY 2021-02-25 23:50 GMT -2.6%
Japan Industrial Production MoM Prel Jan 2021 Japanese Yen JPY 2021-02-25 23:50 GMT 4%
Japan Housing Starts YoY Jan 2021 Japanese Yen JPY 2021-02-26 05:00 GMT -2.5%
Turkey Balance of Trade Jan 2021 Turkish Lira TRY 2021-02-26 07:00 GMT

The Trend

If we observe the 90 and 30 day timeframes, we see an uptrend in place for TRYJPY.

TRYJPY Moving Averages

The moving averages on TRYJPY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bullish, implying a upward trend, aside from a drop about 6 months prior.

The chart below illustrates.

Regarding TRYJPY’s correlations over the past 7 days, it has demonstrated the strongest correlation with EURTRY. TRYJPY has been most correlated with EURTRY over the past 14 days also, so this may be a structural correlation in the market. On the flip side, the asset least correlated with TRYJPY over the past week has been USDCHF, but if we observe the prior two weeks, the asset least correlated with TRYJPY has been EURNZD. See the chart below to observe the recent price action in TRYJPY versus those of assets it hasn’t been well correlated with.

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The View From the Weekly Timeframe

At the time of this writing, TRYJPY’s rate is down -3274 pips (-2.16%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. As for the trend on the weekly timeframe, we see the clearest trend on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows TRYJPY’s price action over the past year.

TRYJPY: The Monthly View

Monthly trend: strongest on the 24 month timeframe.

TRY/JPY Up 1 Pips in Last 4 Hours, Tops All Forex; But Still in a Downtrend Over Past 14 Days

Categories Forex News Tags TRYJPY
April 7, 2020April 7, 2020

Try/jpy outperformed all 40 assets in the forex asset class yesterday.

TRY/JPY Down 12 Pips in Last 4 Hours; in a Downtrend Over Past 14 Days

Categories Forex News Tags TRYJPY
April 6, 2020

Relative to other instruments in the forex asset class, try/jpy ranked 3rd the previous day in terms of percentage price change.

TRY/JPY Up 21 Pips in Last 4 Hours

Categories Forex News Tags TRYJPY
April 3, 2020

Relative to other instruments in the forex asset class, try/jpy ranked 39th the previous day in terms of percentage price change.

TRY/JPY Up 1 Pips in Last 4 Hours, Outperforms All Forex; But Still in a Downtrend Over Past 90 Days

Categories Forex News Tags TRYJPY
April 7, 2020April 2, 2020

For context, observe that yesterday was noteworthy in the sense that try/jpy bested all 40 of the assets in the forex class.

TRY/JPY Down 11 Pips in Last 4 Hours, Tops All Forex; 3 Day Down Streak Ended

Categories Forex News Tags TRYJPY
April 2, 2020April 1, 2020

Try/jpy outperformed all 40 assets in the forex asset class yesterday.

TRY/JPY Down 7 Pips Over Past 4 Hours, Outperforms All Forex; Price Base in Formation Over Past 14 Days

Categories Forex News Tags TRYJPY
March 31, 2020

Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.

TRY/JPY Down 19 Pips in Last 4 Hours, Outperforms All Forex; 2 Day Down Streak Broken

Categories Forex News Tags TRYJPY
April 1, 2020March 27, 2020

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.

TRY/JPY Up 4 Pips in Last 4 Hours, Underperforms All Forex; in a Downtrend Over Past 30 Days

Categories Forex News Tags TRYJPY
March 27, 2020March 26, 2020

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.

TRY/JPY Up 21 Pips Over Past 4 Hours, Entered Today Up For the 4th Day In A Row; in a Downtrend Over Past 30 Days

Categories Forex News Tags TRYJPY
March 25, 2020

Relative to other instruments in the forex asset class, try/jpy ranked 7th yesterday in terms of percentage price change.

TRY/JPY Down 21 Pips; in a Downtrend Over Past 14 Days

Categories Forex News Tags TRYJPY
March 18, 2020

This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 30% from the day before — and down 33.97% from the same day the week before.

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