What is the “Gopher”?
USD/JPYWhat is the "Gopher"? USD/JPY is a currency pair consisti... More is a consisting of the and the . This pair is known as “the Yen” or the .
It shows how many yen (the ) it costs to purchase one US dollar (the ).
Trading the USD/JPY or “Gopher”
The USD/JPY is one of the seven major currencyWhat is currency? Currencies are the generally accepted medi... More pairs that contain the US dollar. It is the second most traded pair on the . It is considered to be very because the yen is the 4th most important reserve currencyA reserve currency (also known as an "anchor currency") is ... More globally (the US dollar is the first).
As currency pairs are affected by external factors that influence an individual currency value, the USD/JPY will fluctuate according to the difference in set by the and the . For example, any intervention by the Fed in the markets aimed at strengthening the US dollar would be likely to see a rise in the value of the USD/JPY.
This pair is considered to be a particularly good one for trading because the Bank of JapanJapan (Japanese: 日本, Nihon or Nippon) is an island nati... More has a lotIn forex trading, a lot is the standard unit to measure the ... More of influence over the , creating trends and . These will be opportunities for traders. Also, between 10 p.m. and 8 a.m. GMT, it is the most active open marketWhat are value stocks? A value company is a company that app... More as a result of global time zone differences.
To learn more about the impact of time zones on forex trading, continue here:
