In recent news, Erdogan started the week by purging academia, government, military, and judicial personnel. So alarming, that the UN human rights chief has expressed a worrisome mood. Reports of Erdogan not ruling the death penalty which may suggest a break off of NATO.
Summary: distortions of the market have calmed markets who have not properly digested the instability in the Turkish Region. Looks like today, as TUR and LIRA are seeing sell pressure, there are entities preparing. We are not ruling out flare ups in the region as a second coup attempt in news reports are still possible.