TRYUSD - Watching the lira on inflation data

CPI numbers out of Turkey are always a bit of a mixed bag, but the latest print didn't offer much comfort. We're still seeing inflation run hot, and while the CBRT has tried to hike, it often feels like playing catch-up. This keeps pressure on $TRYUSD, even with the recent slight dip. It's trading around 0.02120535 today.

I'm not looking to jump in on the long side here. The fundamental picture isn't shifting enough to warrant it. Will keep it on the watchlist for now, but my bias remains defensive until there's a clearer sign that inflation is genuinely under control, or a significant policy pivot that actually sticks.