GBPJPY Live Chart
View the GBPJPY live chart to get the latest prices as well as other market information for GBPJPY trading ideas.
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About GBPJPY
The GBPJPY currency pair represents the exchange rate between the British Pound (GBP) and the Japanese Yen (JPY). This pair is widely followed due to its high volatility and the influence of economic events from both the United Kingdom and Japan. It tends to react significantly to interest rate decisions, economic data, and geopolitical developments.
History of GBPJPY
TThe GBPJPY pair has a significant presence in Forex trading. Historically, the pair has been influenced by various economic, political, and market events in both the United Kingdom and Japan. Major events such as changes in monetary policy by the Bank of England (BoE) or the Bank of Japan (BOJ), geopolitical tensions, and global economic conditions have all played roles in the pair’s fluctuations.
What affects the GBPJPY exchange rate
The GBPJPY exchange rate is influenced by the performance of the economies of the United Kingdom and Japan. Understanding these economic indicators can help traders make better informed decisions when trading this currency pair.
Here are some key economic events that affect the GBPJPY exchange rate:
- The Bank of England (BoE) and Bank of Japan (BOJ) interest rate decisions
- Gross Domestic Product (GDP) reports
- Employment or unemployment report
- Inflation data or Consumer Price Indices (CPI)
- Balance of trade reports
- Political developments such as Brexit negotiations
Trading the GBPJPY
It has higher than average volatility: The pair is known for its volatility, providing numerous trading opportunities (and risks) for both short and long-term trading.
Interest rate differentials: The difference in interest rates set by the BoE and BOJ can impact the GBPJPY exchange rate.
Economic and political stability: Changes in economic and political stability within the UK and Japan can cause fluctuations in the exchange rate.
GBPJPY Relative currency strength
Strength or weakness of major currency pairs this week
NZD
AUD
EUR
CAD
GBP
JPY
USD
CHF
Our relative currency strength indicator can help you compare the relative strength of the British Pound (GBP) vs the Japanese Yen (JPY) and against other major currencies. This tool can be useful for identifying directional bias in the GBPJPY.
GBPJPY Client sentiment
Shows current ratio of open long versus short positions of TIOmarkets clients
Client sentiment
Understand how TIOmarkets clients are positioning themselves in the GBPJPY with our sentiment analysis widget. This shows the percentage of traders who are long or short on GBPJPY.
GBPJPY technical analysis
Technical analysis
Actionable trading plans from Trading Central
Register and fund a trading account with a minimum of $250 or currency equivalent to unlock technical analysis of the forex, stocks indices, and commodities markets. Get access to daily technical analysis for GBPJPY from Trading Central.
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