FX Glossary(B)

B

Back Swing

Refers to the over climbing or fall of market price, but until that time, it show the opposite movement. If the climb is overdone, the market may suddenly drop after that, if the decline in the market has gone too far, then it can be said that the market price will eventually rise.

Bank of Japan (BOJ) Current Account Balance

The amount of funds of checking account that a financial institution has opened to the Bank of Japan for the purpose of settlement with other financial institutions. It shows the available amount of cash on hand that a financial institution can freely use. By increasing the volume of funds, the Bank of Japan is substantially advancing the mitigation policy of increasing loan financing of companies through the financial institutions.

Bank of Japan (BOJ) Outlook Report

The Outlook report of the declaration and decisions in the Bank of Japan Monetary Policy Meeting that is being held twice a year, in April and in October, with regards to the economic declarations and conditions of price commodities. Since the expectations in the tangible gross domestic product (GDP), domestic corporate prices of commodities, and consumer prices are also being shown in this report by numerical value, it becomes a material for decision making of the financial policy administration.

Bank of Japan’s Quarterly Economic Survey

It is the Bank of Japan’s short-term corporate Economic Survey. The economic trends of three multiple months that is announced in March, June, September, December.

Bear

Bear refers to a bearish view that market will fall . Bear has something to do with the bear (animal), the attack by swinging down from the top to the bottom of the arm and stood up, for this bearish faction that it was called the Bear.

Bid

In buying and selling currency, one presents the selling price and the purchase price, if the other party thinks the price is that reasonable will depend on the buy and sell (2-way price). The bid is the purchase price of the side that presents the price. The price that was presented will be the selling price. On the other hand, the selling price of the side that presents the price refers to "Offer” or "Ask". [← → Ask, Offer]

Black Out Rule

The rule with regards to the members of the central bank policy meeting that prohibits them to speak about monetary policy matter before and after the policy meeting, in some cases it is also referred to as the black-out. For example, in the case of the Bank of Japan, in the period of two business days before the start of the monetary policy meeting until the day of the end of the meeting after the time that the President press conference of the meeting ends, it has been a rule not to make any statements with respect to monetary policy and the financial and economic situations. The longest application period of blackout rules, the period during which officials of the central bank of the United States FRB (Federal Reserve Board) shall not make any depressing remarks with regards to the meeting to determine the FOMC (Federal Open Market Committee) and Monetary Policy of the United States, is the period from Tuesday of the week before the start, until the end of FOMC, which was held in US.

Box Market

The market where the prices move repeatedly within the determined upper limit (high) and lower limit (low). From this state, that seems to look like inside the box, it was known to be called Box, it is also called range market. [= Range-Trading Market]

Broker

It refers to the traders of the foreign exchange. Allows the conclusion of the transaction by clinging to the seller and buyer of the currency, and then collect a commission from both the seller-buyer.

Bul

A strong view that market rises is referred to as the "Bull". Although Bull is something to do with bull (animal), but it’s from the fact that bulls attack from the bottom so as to push up to the top corner, for this bullish reason that it was called the Bull.

Buy On Dips・Sell On Rallies

A "BUY ON DIPS" is to buy at the time of the decline from the time you put the expected, or, you can say to buy at the lower limit of the expected range. It’s a so-called bargain-hunting, it is in the state of weak buying interest than "intention to immediately buy". On the other hand, the "SELL ON RALLIES", is to sell at the time of the climb in the price rather than when it issued its anticipation or, you can say that you sell at the upper limit of the forecast range. It the so called selling spouted value, it is in the state of weak selling desire than "to sell immediately".