JPEG XR (abbr. for JPEG extended range) is a still-image compression standard and file format for continuous tone photographic images, based on technology originally developed and patented by Microsoft under the name HD Photo (formerly Windows Media Photo). It supports both lossy and lossless compression, and is the preferred image format for Ecma-388 Open XML Paper Specification documents. 

Support for the format is available in Adobe Flash Player 11.0, Adobe AIR 3.0, Sumatra PDF 2.1, Windows Imaging Component, .NET Framework 3.0, Windows Vista, Windows 7, Windows 8, Internet Explorer 9, Internet Explorer 10, Internet Explorer 11, Pale Moon 27.2.As of August 2014, there were still no cameras that shoot photos in the JPEG XR (.JXR) format. 

Microsoft first announced Windows Media Photo at WinHEC 2006, and then renamed it to HD Photo in November of that year. In July 2007, the Joint Photographic Experts Group and Microsoft announced HD Photo to be under consideration to become a JPEG standard known as JPEG XR. On 16 March 2009, JPEG XR was given final approval as ITU-T Recommendation T.832 and starting in April 2009, it became available from the ITU-T in "pre-published" form. On 19 June 2009, it passed an ISO/IEC Final Draft International Standard (FDIS) ballot, resulting in final approval as International Standard ISO/IEC 29199-2. The ITU-T updated its publication with a corrigendum approved in December 2009, and ISO/IEC issued a new edition with similar corrections on 30 September 2010.
what is JPEG XR short for?
 JPEG extended range