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Forex Terms
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
PA PE PI PO PR PU
PIP

Pip

The smallest upward or downward price movements quoted in forex. In EUR/USD, a movement of 0.0001 is one pip (for example, from 140.005 to 140.004 euro). In USD/JPY, a movement of 0.01 is one pip (for example, from 116.32 to 116.31 yen).

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