TRY/JPY

TRY/JPY CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Turkish Lira against the Japanese Yen.

The Turkish Lira, issued in Turkey, is influenced by Turkey's economic performance, which can be volatile due to factors such as inflation, political instability, and geopolitical events. The Central Bank of the Republic of Turkey's (CBRT) monetary policy also plays a significant role in the Lira's value.

The Japanese Yen, issued in Japan, is considered a safe-haven currency, often sought after during times of economic uncertainty. Japan's economic stability and low interest rates contribute to the Yen's role as a safe haven. Therefore, the Japanese Yen may experience fluctuations based on global economic stability and investor risk sentiment. The TRY/JPY currency pair will be influenced by the relative economic and political stability of Turkey and Japan, and also by global risk sentiment.