GBPJPY Price

    Other popular FX pairs

    Trading Conditions

    Symbol GBPJPY
    Name British Pound vs Japanese Yen
    Quote Currency JPY
    Monday Open 00:05
    Friday Close 23:59
    Session Break 00:00-00:05
    Limit and Stop Level  0
    Execution Market
    Trading Platform MT5, Mobile App, WebTrader
    Sector Forex

    Why Trade with Baxia

    ZERO Deposit Fees

    Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.


    Global Market Access

    Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.


    6 Ways to Trade

    Trade when you want and anywhere at your convenience with Windows OS, MacOS, iOS, Android, WebTrader and even Linux.


    Sub 30ms Latency Trading

    Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.


    Supports Proprietary Trading

    Get access up to $2 million in funded trading for qualified profitable traders on MT5.


    24/5 Unparalleled Service

    Knowledgable and prompt service available on Live Chat, Email, Phone, Whatsapp and Telegram.


    Select Your Platform

    Choose from multiple trading options based on your preference of order types, indicators, charting tools, style of trading and operating environment.

    Key Drivers of GBPJPY

    The GBPJPY currency pair juxtaposes two of the world’s major economies: the UK, with its significant financial services sector, and Japan, known for its strong industrial base and status as a global economic leader. The pair is often seen as a barometer of investor sentiment, reacting swiftly to global economic changes.

    • UK Economic Indicators:

      The strength of the GBP is heavily influenced by the UK’s economic performance, including GDP growth, unemployment rates, inflation figures, and monetary policies set by the Bank of England (BoE).

    • Japanese Economic Stability and Policies:

      Japan's economy, characterized by its technological advancement and export-driven model, significantly impacts the JPY. Decisions by the Bank of Japan (BoJ), particularly on interest rates and economic policy, are crucial determinants.

    • Interest Rate Differentials:

      The GBPJPY pair is sensitive to the interest rate decisions of both the BoE and the BoJ. These decisions can affect the attractiveness of holding either currency, impacting the exchange rate.

    • Global Risk Sentiment:

      The pair is known to be sensitive to changes in global risk appetite. The JPY is often sought as a safe haven in times of uncertainty, while the GBP tends to strengthen in more stable conditions.


    Trading Strategies for Profitable GBPJPY Trading

    Trading the GBPJPY pair in CFDs requires a well-rounded strategy, combining economic analysis, market sentiment, and technical know-how.

    Economic Data Monitoring

    Keeping track of economic data releases from both the UK and Japan is crucial for anticipating market movements.

    Central Bank Policies

    Understanding the monetary policies of both the BoE and BoJ is essential, as their decisions can drastically impact the pair.

    Technical Analysis

    Employing technical analysis, including chart patterns, trend lines, and indicators, helps in predicting market movements and identifying trading opportunities.

    Risk Management

    Given the pair's potential for high volatility, implementing effective risk management strategies is vital to navigate its rapid price movements successfully.

    Start trading GBP/JPY now!

    Frequently asked questions

    What factors influence the GBP/JPY exchange rate?

    The GBP/JPY pair is influenced by factors such as interest rate differentials between the Bank of England and the Bank of Japan, economic health and political events in the UK and Japan, global market sentiment, and broader geopolitical events, especially those impacting risk sentiment.

    How do economic conditions in the UK and Japan affect GBP/JPY?

    Economic indicators like GDP growth, unemployment rates, inflation, and trade balances in both the UK and Japan can significantly impact the GBP/JPY pair. For example, stronger economic performance in the UK relative to Japan might strengthen the GBP against the JPY.

    What are the best times to trade GBP/JPY?

    The best times to trade GBP/JPY are typically during the European and Asian trading sessions, when market activity in these regions is highest, and during key economic announcements from both the UK and Japan.

    What trading strategies are commonly used for GBP/JPY?

    Common strategies for trading GBP/JPY include technical analysis, fundamental analysis, and trend following. The choice of strategy depends on the trader’s risk tolerance, trading style, and market analysis.

    How do interest rate decisions from the Bank of England and the Bank of Japan impact GBP/JPY?

    Interest rate decisions can have a significant impact on GBP/JPY. For example, if the Bank of England raises interest rates while the Bank of Japan holds or lowers them, it could lead to a strengthening of the GBP against the JPY.

    What role does global economic stability play in GBP/JPY trading?

    As the JPY is often considered a safe-haven currency, global economic stability or instability can significantly impact GBP/JPY. In times of global financial uncertainty, the JPY might strengthen against the GBP.

    Can geopolitical events affect GBP/JPY trading?

    Yes, geopolitical events, especially those impacting either the UK or Japan, or global financial markets, can significantly affect GBP/JPY. Such events can alter investor risk appetite and lead to currency volatility.

    What should new traders know about trading GBP/JPY?

    New traders should understand the economic fundamentals of both the UK and Japan, be aware of the timings of key economic releases, and practice risk management. It’s also recommended to start with a smaller amount when engaging in real-money trading to build experience and understanding of the market dynamics.

    Get more tools and resources for trading with Baxia Markets

    Beginner or Advanced? View our full suite of tools and resources to help traders of all levels.

    Forex Full Course

    Get started quickly with our free forex trading course for beginners to level up on your trading knowledge.

    Forex Calculators

    Evaluate your risk, monitor profit or loss for each trade & estimate trading costs with our full suite of calculators.

    Economic Calendar

    Follow high impact news and events for the financial markets including the latest economic data.

    Market Research

    Stay up to date with the latest fundamental and technical analysis from the Baxia Markets Analyst team.

    Help Center

    Find answers to common questions and topics related to trading with Baxia Markets and the trading platforms.

    Education Center

    View our collection of free educational resources to help you become a profitable trader and learn risk management.

    More Trading Opportunities

    More than 1000 CFD instruments to trade on multiple asset classes with one broker.


    Precious Metals

    Crypto CFDs