Gopher
Slang term for the USD/JPY currency pair, used by forex traders.
Definition
Gopher is forex trader slang for the USD/JPY (US Dollar/Japanese Yen) currency pair. The nickname comes from the phrase "go for" (yen) which sounds like "gopher." It's one of the most traded currency pairs globally.
How It Works
- "Buying the gopher" = going long USD/JPY
- "Selling the gopher" = going short USD/JPY
- Commonly used in dealing rooms and trading chat
Trading Tips
1
USD/JPY is highly liquid during Asian and US sessions
2
Sensitive to Bank of Japan policy and US Treasury yields
3
Often used as a risk sentiment indicator
Related Terms
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