Deteriorating relations between the German government and the Turkish Government causing uncertainty
Since highs in early February it has been down all the way for nzdjpy. Which makes for a good risk reward ratio on a reversal
The Safe Haven Currency may be at the end of its 11 month appreciation against TRY and MXN. Against the commodities currency of RUB, BRL and ZAR however JPY has depreciated. I categorize TRY and MXN as trading and high growth econmies for the past few years. Will there be a reversion?
TRY has lost the most aganst USD and CHF. With EUR and GBP next. TRY has lost the least against JPY due to BOJ easing policy 2012
Lira Turn around coming soon?
Borsa Istanbul maintains high levels despite or because of Lira depreciation
If risk off then JPY will continue to appreciate, if equities risk on then JPY will depreciate
Yen will absolute shoot this YEN Crosses downwards with risk off equities
Direct Inverse Relationship since May 2016
Will dxy be pushed down from 103.69 or breakthrough and go all the way to 110.13?
Where will fundamentals take Lira pairs from here?
Already broke past 618 Fibline and appears to swing up to resistance at 3.93