$TRYUSD -2.0% today — what's driving it?

Interesting move today for TRYUSD. I'm wondering if this is mainly due to the recent inflation data out of Turkey or if there's something else at play causing the continued depreciation.

The TRY's volatility is certainly something to watch. I'm not actively trading it, but the recent inflation data out of Turkey could be a major factor here, pushing some investors away. Anyone else thinking about the potential impact of future rate hikes or cuts?

It's interesting to see such a move, especially given the recent comments from the CBRT. I'm not positioned, but I'm watching to see if this is a sustained shift or just a short-term reaction to a specific data point.