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The USDTRY ran to fresh all time.......>

TURKISH LIRA
TURKISH LIRA: The USDTRY ran to fresh all time highs above 4.00 in early
Asia-Pacific trade as a bout of risk off flow hit.
- Some are attributing this to moves in the rather abstract yen lira cross, with
the JPY garnering a bid & USDJPY trading below 105.00, with JPY demand
exacerbated against EMFX.
- It is also worth noting that Japanese investors currently hold record long
positions in the TRY according to the most recent report from the TFE.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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