Today's TRY to JPY Price Update

Summary

This report provides the real-time exchange rate between the Turkish Lira (TRY) and Japanese Yen (JPY), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Turkish Lira (TRY) and Japanese Yen (JPY) are important fiat currencies representing their respective economies. The exchange rate between them reflects market sentiment toward relative economic and political stability, as well as investor confidence in both currencies amid global risk conditions.

Today’s Price

• 1 TRY = 3.5 JPY
• 24h High: 3.5027 JPY
• 24h Low: 3.4904 JPY

Market Analysis

The TRY/JPY currency pair is influenced by the relative economic and political stability of Turkey and Japan, as well as by global risk sentiment. Recent technical analysis indicates a Strong Sell signal based on moving averages, with 12 sell signals across MA5 to MA200 periods.

• Technical levels: Key support identified at 3.55 JPY, with resistance near 3.653 JPY
• Technical indicators: MACD stands at -0.011 (Sell signal), while the 5-day moving average at 3.5380 suggests a Buy outlook, contrasting with the 50-day moving average at 3.5758 (Sell signal)
• Risk note: The pair is currently trading within a downtrend channel, indicating potential downside pressure in the near term
• Trading opportunities: Watch for support holds at 3.55 JPY where upward reactions may develop, or consider short positions if resistance levels are broken downward

Conclusion

Continue monitoring the TRY/JPY pair closely, integrating technical indicators with macroeconomic developments affecting both Turkey and Japan. Traders should pay attention to support and resistance levels while assessing broader market sentiment toward emerging market currencies.