Forex Slang Popular

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

USD/JPY is highly liquid during Asian and US sessions

Sensitive to Bank of Japan policy and US Treasury yields

Often used as a risk sentiment indicator

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