TRXJPY Rises 30.55% in 24 Hours Amid Strong 1-Year Gains

On OCT 23 2025, TRXJPY surged by 30.55% in the past 24 hours, reaching $49.32. Over the past seven days, the pair experienced an even more pronounced increase of 407.86%, reflecting a rapid and significant upward momentum. While the monthly trend shows a 36.42% decline, the annual performance remains highly bullish, with a cumulative gain of 1890.39%. The stark contrast between short-term and long-term movements underscores the volatile and speculative nature of the TRXJPY pair, which appears to be responding to a combination of macroeconomic and market sentiment dynamics.

The recent price surge of TRXJPY is notable against the backdrop of a broader 36.42% decline over the last month. This divergence suggests that while the pair has faced near-term downward pressure, it has recently reversed course with a sharp upward correction. The 24-hour and seven-day gains indicate a potential inflection point in market sentiment, possibly driven by a renewed interest in the underlying asset or favorable developments in the broader cryptocurrency or foreign exchange markets. Analysts project that such volatility is common for cross pairs involving cryptocurrencies and fiat currencies like the Japanese Yen, particularly when liquidity and demand shift rapidly.

The technical landscape for TRXJPY reflects a complex interplay of short-term and long-term dynamics. While the pair has shown a strong annual performance, it has also faced a sharp monthly decline, pointing to a possible overbought or overextended condition in the market. This volatility could suggest that the pair is experiencing cyclical patterns or responding to specific external catalysts. The 30.55% 24-hour gain highlights a sudden spike in demand, potentially triggered by news or market positioning changes. However, the pair's performance over a one-month horizon suggests caution, as traders may be wary of overvaluation and potential corrections.

Backtest Hypothesis

To better understand the nature of TRXJPY’s price movements and the likelihood of continued gains following such sharp surges, a backtesting strategy can be applied using event-based analysis. The objective is to isolate historical instances where the daily return of TRXJPY reached or exceeded +5%, and then assess the performance of the pair in the days following these “surge” events. This approach can help identify whether the 30.55% gain observed on OCT 23 2025 aligns with typical market reactions or stands as an outlier.

To execute the backtest, it is essential to obtain accurate and reliable daily close prices for the TRX/JPY pair from a recognized data source. Given the potential challenges in retrieving the TRXJPY data directly, alternative strategies such as proxying with TRX/USDT and converting to JPY via USDJPY FX rates may be considered. Once the correct dataset is confirmed, the backtest can proceed by calculating daily percentage returns and identifying surge events. Following this, the performance of the pair in the 1-, 3-, 5-, and 10-day periods after each surge can be analyzed to determine typical post-surge outcomes, including average returns and maximum drawdowns.