Turkish lira vs Japanese Yen - TRY JPY Trading

Turkish lira vs Japanese Yen Investing

Type:

PCI

Instrument : &TRYJPY

&TRYJPY Live Chart Ready to start trading?

Try Trading Simulator

Status: Closed Trading

Change:

Prev. closing

Open price

Today, max.

Today, min.

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.

Start trading with IFC Markets

Created by professionals for professionals

Start Now

Use these instruments for analysis and trading

Available exclusively in IFC Markets

Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume

Swipe table

&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

PCI main trading conditions

Swipe table

The volume to calculate Swap and 1 pip value

100000

The size of 1 pip

0.0001

Margin in USD for the volume and leverage of 1:100

251.24 USD

Creation date

2014-11-21

	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

PCI active 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	—	—

Start Trading - &TRYJPY

Download

Application field

How can PCI be applied in trading?

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.