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- Turkish lira vs Japanese Yen Investing
Turkish lira vs Japanese Yen - TRY JPY Trading
Turkish lira vs Japanese Yen Investing
Type:
PCIInstrument : &TRYJPY
Turkish lira vs Yen Description
The personal composite instrument «&TRYJPY» reflects the price dynamics of Turkish lira against Yen. The base part of this instrument is composed of 1 Turkish lira, and the quoted part – 1 Japanese yen. The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.
The personal composite instrument «&TRYJPY» is used for the analysis and trade of the currency cross rate of the Turkish lira and Japanese yen. The dynamics of this cross rate is an important indicator of the currency markets of the trading partners – Turkey and Japan.
Structure
Parameters
Trading hours
Application field
Structure
| &TRYJPY | № | Asset | Volume / 1 PCI | Percentage | Volume (USD) / 1 PCI | Unit of measurеment |
|---|---|---|---|---|---|---|
| Base part | 1 | TRY | 1.0000 | 0.000 | 0.4500 | TRY |
| Quoted part | 1 | JPY | 1.000 | 0.0000 | 0.0100 | JPY |
Parameters
| Standard | Beginner | Demo | |
|---|---|---|---|
| Fixed spread, pip | |||
| Floating Spread, pip | |||
| Order distance, pip | |||
| Swap (long/short) in pips on Vol | |||
|
Available volumes | |||
| The value of 1 pip in USD for the Vol |
Trading hours
| Week day | Trading hours (CET) | Local trading hours |
| Monday | 00:00 — 24:00 | 00:00 — 24:00 |
| Tuesday | 00:00 — 24:00 | 00:00 — 24:00 |
| Wednesday | 00:00 — 24:00 | 00:00 — 24:00 |
| Thursday | 00:00 — 24:00 | 00:00 — 24:00 |
| Friday | 00:00 — 22:00 | 00:00 — 22:00 |
| Saturday | — | — |
| Sunday | — | — |
Application field
The personal trading instrument &TRYJPY is used for trade and dynamics analysis of Turkish lira vs the Japanese yen, as well as multi-year comparative analysis of the dynamics of major world currencies against Yen. For example, by building a percentage chart in the NetTradeX terminal for 5 currencies (EUR, USD, AUD, RUB, TRY) against Yen, (Fig. 1), it is evident that in the last 4 years the USD gained the most against Yen (+40%), while the Turkish lira and Ruble fell against Yen. Furthermore, in 2014 Ruble fell against Yen while Turkish lira gained against Yen.
To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.
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