TRY/JPY - Anyone?

so anyone interested in TRY/JPY ?

in any case, on Oanda charts and when i scroll downwards ..........it actually display a NEGATIVE value to this pair (-1, -2 and so on)..........is this a mistake on their part ?

can a currency pair has a negative value ?

example.....i buy GBP/USD...........and in the future, value goes to -0.xxxx (below zero)

I'm not seeing a negative value on Tradingview for Oanda. I think it might be a glitch on your platform

very sorry but i phrased my question wrong..........what i mean is when i scroll down the Try/Jpy chart...........it display negative values ..........so in the future, value of the pair actually can go negative ??

could be......but just in case it isn't a glitch - can a currency pair actually get a negative value ??!!

so if i buy Try/Jpy..........value go negative............am i winning or losing ?...........LOL

anyone can shed some light on this matter ?

negative value on a currency pair ?

So the y axis is showing potential negative values and you're trying to figure out if it'll ever happen right?

It never has, it theoretically never should but it is possible. It would require a total currency collapse, a complete absence of liquidity and it'd happen in a flash because it'd be free money for anyone shorting the pair. It's so extreme I wouldn't lose any sleep over it but I suspect Oanda put it in place after oil got into negative pricing, and brokers that hadn't planned for it like IB lost millions. However, negative oil was driven by the cost of storage so I'm not aware of any logical reason for this ever to happen even if things go completely chaotic.

TRY is in trouble but it's not like zimbabwe territory, so it's falling directly in line to when TCMB cuts rates - ie the market is functioning exactly as you'd expect.

many thanks indeed for the detailed answer.............yes, it reminded me of the oil price going negative............

so it's possible..........LOL

anyway, i'm staying clear as Oanda had suddenly stopped trading certain ''exotic'' currencies before without much notice...........