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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

Cracking the Forex Code: Trader’s Complete Guide to Market SlangForex is the vast universe of currency pairs floating against each other—sometimes sitting at parity, sometimes shooting for the stars and sometimes just plain nosediving. And because forex has a mind of its own (kind of), it also speaks its own language. This is why this Idea exists—to help you make sense of the jargon by breaking down key terms, phrases, and slang used in everyday forex trading. Let’s get into it! 1. Ask The price the market is willing to sell a currency at. It’s the price you’ll pay if you’re buying. 2. Arbitrage Simultaneous buying and selling across different markets to exploit price differences. 3. Aussie Trader slang for the AUD/USD currency pair. 4. Bagholder Someone stuck holding a losing position long after everyone else has exited. Don’t be a bagholder. (Are you secretly a bagholder?) 5. Base Currency The first currency in a pair (e.g., in EUR/USD , EUR is the base). You’re buying or selling this one. 6. Bearish Expecting the market to fall. Depicts a bear attack—swiping its paws downward. 7. Bid The price at which the market is willing to buy a currency. If you’re selling, this is the price you’ll get. 8. Black Gold A nickname for oil. Watch the price of this commodity—it moves entire currencies. 9. Bottom Fishing Buying a currency or stock at what you hope is its lowest point. It’s risky—sometimes the bottom keeps falling. 10. Breakout When price moves out of a defined range, smashing through support or resistance, signaling a potential strong move. 11. Buck Trader slang for the U.S. dollar. Simple, direct, and everyone knows it. 12. Bullion Physical gold or silver. When traders want the real stuff, they go for bullion. 13. Bullish Betting on the market to rise. Depicts a bull attack—thrusting its horns upward. 14. Cable Forex slang for the GBP/USD pair, named after the old transatlantic cable. 15. Candlestick A visual representation of price movement showing the open, high, low, and close in a specific time period. 16. Carry Trade Borrowing in a low-interest-rate currency and investing in a higher-interest one to pocket the interest difference. 17. Choppy Describes a market with no clear direction and lots of erratic movement. A tough one to trade in. 18. Chunnel Slang for the EUR/GBP pair, referring to the English Channel that connects Europe and the UK. Gotta love that geographical flair. 19. Cross Currency Pair A currency pair that doesn’t involve the USD (e.g., EUR/JPY ). They have a life of their own, not tied to the greenback. 20. Dip A temporary decline in price during an uptrend. Smart traders "buy the dip" to get in. But sometimes the dip keeps dippin’. 21. Dragon The GBP/JPY currency pair. Known for its volatility and wild price swings—trade carefully! 22. Drawdown The loss from peak to trough in your account balance during a trading period. It’s inevitable—just don’t let it take you out. 23. Exotic Pairs Currency pairs that include one major currency and one from an emerging or less liquid market (e.g., USD/TRY ). Exotic in name, but not always in your best interest—volatile and wide spreads. 24. Fedspeak The carefully crafted language of the Federal Reserve. One vague speech from Fed Chair JPow can send markets into a frenzy. 25. Fibonacci Retracement A technical tool to identify possible support and resistance levels, based on the Fibonacci sequence. Traders love these numbers. 26. Fill or Kill A type of order where it must be filled immediately at the requested price, or canceled. No waiting around here. 27. Forex (FX) The foreign exchange market—where currencies are traded 24/5. The biggest, baddest market in the world with $7 trillion moving daily. 28. FOMO Fear of Missing Out. The emotional trap where traders chase the market late—usually leading to bad trades. Don’t fall for it. 29. Fundamental Analysis Analyzing economic factors (e.g., GDP, employment, inflation) to predict currency movements. It’s all about the big picture here. 30. Gopher Slang for the USD/JPY pair. A less common term, but you’ll see it in the trading trenches. 31. Greenback Another classic slang term for the US dollar, referring to the green color of American bills. 32. Hawkish A central bank policy favoring higher interest rates to control inflation. Hawkish policy = stronger currency. 33. Kiwi Slang for the NZD/USD currency pair. Named after New Zealand’s famous bird—not the fruit! 34. Leverage Trading with borrowed capital. It magnifies gains, but it can also blow up your account faster than you think. Use wisely. 35. Liquidity The ease with which a currency can be traded without affecting its price. High liquidity means tight spreads and fast trades. 36. Loonie The nickname for the USD/CAD pair. Named after the loon, a bird featured on Canada’s $1 coin. 37. Lot The size of your trade. A Standard Lot is 100,000 units, a Mini Lot is 10,000, and a Micro Lot is 1,000. 38. Margin The amount of money needed to open a leveraged trade. It’s essentially your broker’s “deposit.” 39. Margin Call When your broker demands more funds because your account can no longer support open positions. Not answering could mean automatic liquidation. New phone who dis? 40. Market Maker An entity (usually a bank or broker) that provides liquidity to the market by always being willing to buy or sell at certain prices. 41. Moving Average A technical indicator that smooths price data over a specific period to identify trends. Think of it as the market’s heartbeat. 42. Ninja Slang for the USD/JPY pair. This one’s fast and stealthy, like a true ninja. 43. Old Lady A nickname for the Bank of England (BoE). When the “Old Lady” speaks, the GBP moves. 44. Overbought When a currency has been bought excessively, leading to a potential reversal. Usually spotted with indicators like RSI. 45. Oversold The opposite of overbought. It means the currency has been sold off too quickly, signaling a potential price bounce. 46. Permabear A trader who is always bearish, no matter what the market does. They believe the sky is always falling. “I knew BTC was going to zero.” 47. Pips The smallest price move in a currency pair. In most pairs, it’s the fourth decimal place (0.0001). Collecting pips is how you build profit. 48. Pivot Point A key level used by traders to identify potential support and resistance levels. Great for spotting reversals. 49. Position Trading Holding a trade for weeks or months, focusing on long-term trends. You’ll need patience for this one. 50. Price Action Trading based solely on price movement, ignoring indicators and fundamentals. It’s all about reading the market’s raw behavior. 51. Pump and Dump A scheme where traders hype up a currency or stock, inflate its price, then sell out for a profit while everyone else is left holding the bag. Sketchy stuff. 52. Pullback A temporary dip or rise in price within a larger trend. It’s an opportunity to buy in or sell the rally. 53. Ranging Market When prices are moving sideways in a tight range, with no clear trend. Boring, but there are still trades to be made. 54. Resistance A price level where selling pressure tends to prevent further rises. If it breaks, a big move could be coming. 55. Rollover Interest earned or paid for holding a position overnight, based on the interest rate differential between the currencies. 56. Scalping A fast-paced strategy that involves making quick trades to grab small profits from tiny price moves. Not for the faint-hearted. 57. Shill Someone who promotes or hypes up a stock, currency, or crypto for personal gain, often misleading others. Watch out for these on social media. 58. Short Squeeze When a heavily shorted asset rises in price quickly, forcing short sellers to buy back their positions at higher prices, fueling the rally even further. 59. Slippage When your trade is executed at a different price than expected, usually during high volatility or low liquidity. 60. Spread The difference between the bid and ask prices. Tighter spreads are better—lower costs for getting into a trade. 61. Stop-Loss An order that automatically closes a trade when it hits a specified loss level. Protect yourself, set that stop! 62. Support A price level where buying appetite tends to prevent further drops. Break below it, and things could get ugly. 63. Swissy Slang for the USD/CHF currency pair. Traders often turn to the Swissy for safety in volatile times. 64. Swap The interest earned or paid for holding a position overnight. Positive swaps are a nice bonus, negative swaps? Not so much. 65. Swing Trading Holding trades for days or weeks to capture short- to medium-term market moves. It’s a balanced approach between day trading and long-term investing. 66. Take-Profit An order that closes your trade automatically when it reaches your target profit. Lock in those gains before the market turns! 67. Tenbagger A stock or currency that increases tenfold in value. Rare, but when it happens, it’s legendary. 68. Trend The general direction the market is moving—either bullish, bearish, or sideways. The trend is your friend—until it isn’t. 69. Volatility The amount of price fluctuation in the market. High volatility means more potential for profits—or losses. Buckle up! (Hint: Anticipate volatility by knowing the market-moving events .) 70. Whipsaw When the market moves quickly in one direction, stops you out, and then reverses back. It’s the ultimate trader frustration. 71. Widow Maker A trade with huge risks that’s known for wiping out accounts, especially when shorting the Japanese yen in a strong trend or betting against the Bank of Japan. And there you have it— the ultimate Forex slang dictionary that prepares you to take a deep dive in the sea of forex trading . Did we catch everything? Let us know your thoughts in the comments!
Editors' picks
Education
by TradingView
2
UPDATE ON USD/JPY LONGSUSD/JPY 30M - As you can see the longs that took place in this market yesterday played out really well, anyone who got involved when I gave the suggestion to look for longs would have profited very nicely. We have seen since that due to fundamentals price has pulled back down setting a new low, this I feel will be short lived and we should see price correct itself and begin to trade us higher once again. The trade from yesterday ran + 223 pips. (+ 10%) 10RR As I say a big well done to anyone who got involved in this market, I am sure that you all would have and should have taken partials throughout the trade and applied safety measures like SL moves. A big well done to anyone involved in the market, if you have any questions with regards to the analysis or the trade itself then please drop me a message or comment below and I will get back to you as soon as possible.
Long
by Lukegforex
Japanese yen soars as Tokyo Core CPI falls to 2%The Japanese yen is sharply higher on Friday. USD/JPY is trading at 143.49 in the European session, down a massive 1.1%. Tokyo Core CPI, which excludes fresh food, slowed to 2% in September, down from 2's.4% in August and matching the market estimate. The drop was largely driven by the resumption of government subsidies for utility bills. The inflation reading indicates that Japan is on track to hit the Bank of Japan’s target of sustainable 2% inflation and the yen has responded with sharp gains today. This reading will support the case for further rate hikes, although that’s unlikely until December or early next year. Governor Ueda said this week that the BoJ is not in any rush to hike rates and that the focus will be on services prices data for October, which won’t be released until November, too late for the October 31 meeting. Wages have been rising but it remains to be seen if this will translate into higher services inflation. If it does, there will be pressure on the BoJ to raise rates at the December meeting. The week wraps up with US Core PCE Price Index, which is considered the Fed’s preferred inflation indicator. The index has hovered at 2.6% for the past three months and is expected to tick up to 2.7% for August. Monthly, the Core PCE is expected to remain at 0.2%. An unexpected reading could shake up the US dollar and the rate-cut odds for the Fed’s November meeting. The odds of a 50-basis point cut have slipped to 47%, down from 54% a day earlier, according to the CME’s FedWatch tool. USD/JPY faces weekly resistance lines at 147.58 and 150.66 There is support at 142.67 and 140.84
by OANDA
USDJPY May Rebound#trading_idea #USDJPY 💡 #USDJPY - Yen Rising On the 1-hour chart, the pair fell to 143 support . The yen bounced today, after Japan's former defence minister Shigeru Ishiba won the leadership contest of the country's ruling Liberal Democratic Party and was set to become its next prime minister. Ishiba is a critic of past monetary stimulus and told the central bank was "on the right policy track" with rate hikes thus far. The RSI in overbought zone while the B&B points on bears power. 🔼If pair rebounds from 143 support, further move to 143.6 and further is possible. 🔽Alternatively, a slide to 142 is likely. 🔴 Click "👍" if you think the price will rebound and "👎" if you think it will slide. ➡️GET $20,000 JUST FOR $99
Long
by sabiotrade
The USDJPY correction is coming to an end H4 26.09.2024The USDJPY correction is coming to an end The yen is now forming a correction and the price has hit the marginal resistance zone around 145. From it I expect a bounce down to test the lower boundaries. Also, there was a rotation in the area of the zone in the past and periodically rebounds were made. Therefore, there is a probability that this time they will be able to bounce down at least locally. I don't see the options falling further than 139, but I aim for 140 approximately. OANDA:USDJPY
Short
by KovachTrader
2
USDJPY weekly analysis: AM NEVER WRONG IN THE DIRECTION EVER !!USDJPY Weekly Analysis (27/09/2024): Slightly Bullish Bias Ahead As we approach the end of September 2024, USDJPY has shown signs of a potential bullish bias for the upcoming week. Traders and investors are closely monitoring the latest fundamental factors that could shape the pair's movement. In this article, we will provide a detailed analysis of USDJPY’s outlook, focusing on the driving factors, current market conditions, and why we expect a slightly bullish bias this week. Key Fundamental Drivers Behind the USDJPY Bullish Outlook 1. Diverging Monetary Policies One of the main reasons for the slightly bullish bias in USDJPY this week is the ongoing divergence between the monetary policies of the Federal Reserve (Fed) and the Bank of Japan (BoJ). The Fed has maintained its relatively hawkish stance, keeping interest rates elevated to combat inflation. In contrast, the BoJ continues its ultra-loose monetary policy, with little indication of tightening any time soon. The widening interest rate differential between the U.S. and Japan is pushing investors towards the U.S. dollar, favoring the USDJPY pair. This dynamic is likely to continue in the coming days as the market digests recent central bank communications. 2. U.S. Economic Resilience Recent U.S. economic data has exceeded expectations, reinforcing the bullish sentiment for the dollar. The U.S. GDP figures, released earlier this week, showed that the economy grew at a faster pace than anticipated, further solidifying the case for the Fed's tight policy stance. Additionally, strong job market data continues to support the idea of a resilient U.S. economy, boosting demand for the USD. With these positive economic indicators, the U.S. dollar is expected to remain supported, potentially driving USDJPY higher. 3. Safe Haven Demand Easing While the Japanese yen is traditionally considered a safe-haven currency, the recent stabilization in global financial markets has reduced the appeal of the yen as a risk-off asset. Investors are currently more willing to take on risk in search of higher yields, which benefits the U.S. dollar. The calm in global markets, combined with Japan’s low-interest environment, reduces the attractiveness of the yen, giving USDJPY a bullish tilt. Current Market Conditions: USDJPY Technical Outlook From a technical perspective, USDJPY is trading within a consolidation range, but recent price action hints at an upward breakout. The pair has held above the key 148.00 support level, with momentum indicators such as the Relative Strength Index (RSI) showing signs of strengthening bullish momentum. If USDJPY breaks above the 149.00 resistance level this week, we could see further gains toward the psychological 150.00 level. However, traders should watch for any signs of overbought conditions, which could lead to short-term pullbacks. Key Risks to Consider While the fundamental and technical factors point to a slightly bullish bias, it is essential to be aware of potential risks that could derail this outlook: - U.S. Government Shutdown: Ongoing discussions about a potential U.S. government shutdown could introduce market volatility. If the shutdown is prolonged, it could lead to risk-off sentiment, favoring the yen as a safe haven and weakening USDJPY. - Geopolitical Developments: Any sudden escalation in geopolitical tensions could boost safe-haven demand for the yen, putting downward pressure on USDJPY. Conclusion: Slight Bullish Bias for USDJPY this Week Based on the latest fundamental drivers and current market conditions, USDJPY is expected to maintain a slightly bullish bias this week. The diverging monetary policies between the Fed and BoJ, coupled with strong U.S. economic data and easing safe-haven demand, are likely to keep the pair supported. However, traders should stay vigilant for potential risks that could affect the outlook. Key Levels to Watch: Support: 148.00 Resistance: 149.00 and 150.00 As always, manage risk carefully and stay updated on market developments throughout the week. Keep an eye on the U.S. government situation and any central bank announcements that could shift market sentiment. For more updates and detailed analysis on USDJPY and other currency pairs, follow me on TradingView. Keywords: - USDJPY analysis - USDJPY forecast 27/09/2024 - USDJPY weekly outlook - USDJPY bullish bias - USDJPY key levels - USDJPY trading strategy - USDJPY technical analysis - USDJPY support and resistance - Federal Reserve and USDJPY - Bank of Japan impact on USDJPY - USDJPY interest rate differential - USDJPY trading signals - USDJPY market conditions - USDJPY forex analysis - USDJPY price action - USDJPY technical indicators - USDJPY consolidation pattern - USDJPY breakout levels - USDJPY trade opportunities - Forex trading USDJPY
Long
by PERFECT_MFG
Wednesday Low of the weekWhen there is no central bank involvement, prices move aggressively and rapidly, likely based on speculative evaluation. They are driving the market down through IPDA, targeting a daily premium-to-discount range. However, we are still in the premium range (GBP/USD from Dec 13, 2023, to Jan 2, 2024). Intra-week reversals will aim to return to or exceed the previous fair value price range. A big move is expected between Monday and Tuesday(in this case friday), even with no significant news, likely due to the accumulation of many pips. A reversal is anticipated. Intra-week reversals tend to occur within overlapping patterns or models."
Long
by Bufalodorato
USDJPY: Topping possibliltyUSDJPY has likely completed its primary bear trend and displayed a corrective 3 wave structure up to end a primary wave a. Following a highly probable wave b down is likely as the initial down swing is taking place currently. The guideline of a retracement to wave four of one lesser degree is also in place supported by a 50% retracement value provides that affirmation. There is another possible count that also suggests the impending move to the downside on the net posting.
by micchua
Bearish reeversal?USD/JPY is rising towards the pivot which is an overlap resistance and could reverse to the 1st support level which acts as an overlap support. Pivot: 145.97 1st Support: 144.28 1st Resistance: 147.63 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
USD/JPY Under Pressure: Weak Yen and Anticipation of US GDP!USD/JPY is receiving particular attention due to the weakness of the Japanese Yen (JPY), influenced by expectations that the Bank of Japan (BoJ) will delay further rate hikes. The minutes of the BoJ’s July monetary policy meeting revealed a consensus among members on the need to remain vigilant regarding inflation risks. While some members indicated that a rate hike to 0.25% might be appropriate, others suggested a moderate adjustment to monetary support. From a macroeconomic perspective, traders are focused on the release of the annualized US GDP for the second quarter, scheduled for Thursday. The dollar's performance is being hindered by the increasing likelihood of rate cuts by the Federal Reserve by the end of the year. According to the CME FedWatch Tool, there is about a 50% chance that the Fed will reduce rates by 75 basis points, bringing them to the 4.0-4.25% range. In terms of resistance, the level of 149.40, the highest in the past six weeks, represents a potential target for the USD/JPY rally. On the support side, the first significant level is around 144.00, which coincides with the upper boundary of the previous descending channel. A break below this level could restore the bearish bias, with the next target around 139.58, the lowest point since June 2023.
Short
by Forex48_TradingAcademy
1