TRY/JPY Price Recap
The choppiness in the recent daily price action of TRY/JPY continues; to start today, it comes in at a price of 17.635 US dollars, down 29 pips (1.62%) since yesterday. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 4.45% from the day prior, and up 142.84% from the same day the week before. Relative to other instruments in the Forex asset class, TRY/JPY ranked 39th yesterday in terms of percentage price change. The price chart of TRY/JPY below illustrates.
TRY/JPY Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 14 days.