TRY/JPY Down 29 Pips

TRY/JPY Price Recap

TRY/JPY enters today at 17.635 in US dollars, down 29 pips (1.62%) from the day prior. 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. Out of the 40 instruments in the Forex asset class, TRY/JPY ended up ranking 39th for the day in terms of day-over-day price change. Below is a price chart of TRY/JPY.

TRY/JPY Technical Analysis

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. For additional context, note that price has gone down 8 out of the past 14 days.