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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

79% of retail investor accounts lose money when trading CFDs with this provider.

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TRYJPY: Live Price Chart

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[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

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About

History

Why trade?

About

History

Why trade?

TRY JPY is a minor currency pair and refers to the exchange rate between the Turkish lira (TRY) and the Japanese yen (JPY). It represents the value of one Turkish lira in terms of the Japanese yen. Here's how the conversion works: For example, let's say the current exchange rate for TRYJPY is 1 TRY = 10 JPY. This means that for every 1 Turkish Lira, you would receive 10 Japanese Yen.

Historically, the pair has experienced fluctuations due to various economic and geopolitical factors affecting Turkey and Japan. Changes in interest rates, trade balances, political stability, and investor sentiment have influenced this currency pair. Turkey's economic challenges, such as inflation and political uncertainties, have often impacted the TRYJPY exchange rate. Likewise, Japan's economic indicators, including monetary policies and trade relations, have played a role.

Historically, the TRYJPY pair has shown considerable volatility, influenced by economic and geopolitical factors impacting both countries.

In recent years, the exchange rate experienced significant fluctuations. Prior to 2020, the pair generally trended higher, with the yen weakening against the lira. However, the COVID-19 pandemic and subsequent global economic uncertainty resulted in a period of heightened volatility. The lira faced challenges due to inflation, political concerns, and central bank policies, while the yen benefited from its safe-haven status.

Since then, the TRYJPY rate has exhibited a mixed pattern, reflecting shifting market sentiments and economic developments. It is important to note that currency exchange rates are influenced by numerous factors, including interest rates, trade balances, political stability, and investor sentiment. Consequently, the pair’s price history remains subject to ongoing fluctuations as these variables evolve, making it essential for market participants to closely monitor and analyze the factors impacting the exchange rate.

Traders may consider trading this currency pair due to its potential for volatility and profit opportunities. The exchange rate between the Turkish lira (TRY) and the Japanese yen (JPY) can experience significant fluctuations driven by economic and geopolitical factors affecting both countries. Traders who thrive on volatility may find opportunities in this pair.

Aside from TRYJPY, there are numerous other currency pairs that traders should consider. Popular choices include major pairs like EURUSD, GBPUSD, and USDJPY, which offer high liquidity and ample trading volume. Additionally, crosses such as EURJPY, GBPJPY, and AUDJPY are known for their volatility. Emerging market currency pairs like USDZAR, USDMXN, and USDBRL can also present trading opportunities, albeit with higher risk levels. Ultimately, traders should carefully assess their trading strategies and risk tolerance when selecting currency pairs to trade.

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Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.

Forex
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage

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Trade on volatility

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Enjoy huge liquidity

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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