Trade British Pound / Japanese Yen

GBP/JPY

What is the GBP/JPY currency pair?

The base currency – GBP. The counter currency – JPY. The GBP/JPY chart represents the relationship between the UK pound and the Japanese yen. Both GBP and JPY are major currencies within the global Forex market. The cross pair has got a fiery nickname “dragon” and is renowned for its inherent volatility. That is, the GBP/JPY rate tends to fluctuate dramatically, relating the economic relation between Western Europe and the Asia-Pacific region.

UK pound vs Japanese yen

The currency pair of the British pound (GBP) vs. the Japanese yen (JPY) has always enjoyed popularity among risk-accommodating Forex investors and traders. Representing the two major global currencies, the “dragon” is considered the barometer of the world’s economic environment. Among the top 8 global currencies the yen is ranked the 3rd representing 19% of Forex volume, and the pound is ranked the 4th, accounting for 12.9% of trading volume.

The GBP/JPY couple is considered a “cross” one. It means that the American dollar (USD) is not applied during the calculation of the exchange rate. The conversion is performed directly, without prior denomination in US dollars.

Known for its drastic price fluctuations, the GBP/JPY pairing often experiences significant up- and downtrends, caused by the major changes in the world’s economic environment. For example, the Brexit referendum in 2016 led to a severe downtrend of the GBP/JPY price rate.

Another unique factor that impacts the GBP/JPY valuation is the relations of energy pricing and the Japanese yen. The price for energy commodities and the Japanese yen exchange rate is closely correlated. Japan is the 4th global importer of crude oil and the 2nd largest importer of natural gas.

Besides energy pricing, major factors that influence the GBP/JPY volatility include the countries’ domestic monetary policies and economic conditions, as well as political atmosphere.

GBP – British pound

The British pound, or pound sterling, is the United Kingdom’s official currency. The symbol is £, the currency code is GBP. One of the world’s most widely-traded currencies in the Forex market after the US dollar (USD), euro (EUR) and the Japanese yen (JPY), the British pound (GBP) is the oldest and the 3rd most-held reserve currency globally. Subdivided into 100 pence, the pound is managed by the Bank of England. The popular currency’s nickname is “Quid”.

The pound originated in Anglo-Saxon England. One pound of silver was equal to 240 silver pennies that were made from the purest available silver. In 1694, when the Bank of England was founded, it issued the paper money and adopted a gold standard. After a 300 years history, there are approximately 3 billion pound banknotes worth £60 billion and 30 billion pound coins in circulation.

JPY – Japanese yen

The official currency of Japan, the Japanese yen, is the 3rd most widely-traded currency in the world, after the American dollar (USD) and Euro (EUR). It accounts for 23% of daily Forex turnover. The currency is managed by the Bank of Japan. The official symbol of the Japanese yen is ¥ and it can be traded under the JPY currency code. The word “yen” in Japanese means “round”.

The first yen coins originated in 1870 and were produced from copper, silver, gold and other metals. Introduced in 1871, the New Currency Act of Japan introduced a gold standard alongside the Western societies. In 1872, the banking system under the National Bank Act adopted banknotes in addition to coins. In 1882, the banking system of Japan was centralised.

Yen coins are issued in several denominations, including ¥1, ¥5, ¥10, ¥50, ¥100 and ¥500. Yen banknotes are release in ¥1,000; ¥2,000; ¥5,000; and ¥10,000 denominations. The Japanese currency depicts national and natural beauties, including flowers, temples and even rice. Today the number of yens in circulation reaches approximately $1 trillion USD of worth.

How to learn the GBP/JPY live rate?

GBP/JPY is one of the most popular currency pairs traded on the international Forex market. Browse the latest Forex GBP/JPY chart in real time with Capital.com and stay tuned to the sterling-yen correlation.

Latest currencies articles

USA and Sri Lanka currency codes on their national flags
USD/LKR forecast: Will the Sri Lankan rupee keep falling?
With the economic and political crisis deepening, could USD/LKR rise to a new record high in 2023 and beyond?
14:05, 8 May 2024
EUR/USD Latest: stubborn EZ CPI, less dovish Fed, and no rate cuts in sight
EUR/USD struggles for direction as EZ inflation remains high and the Fed pulls back on dovish commentary
15:41, 1 February 2024
Bank of England preview: will updated projections show more cuts are expected in 2024?
Markets have no doubt that the BoE will keep its rate unchanged
13:09, 31 January 2024
Federal Reserve meeting preview: strong data is making it hard to justify cutting rates
Markets expect the Fed to keep rates unchanged as strong economic data continues
16:15, 30 January 2024

Read our reviews to find out more about us

Read the feedback from our clients around the world.

the simplicity and the pros of this app makes it amazing and a useful app

Hafsa

I have already tested many brokers and I can definitely say that Capital.com is the most professional trading tool.

PaCeKw

Capital.com is a good broker. I haven't had any problems with the trading platform but i qould advise that they add an option for either using lots or units.

Mr-phenom

I am in the first time but I look this website in YouTube there's a very good and safe platform for a traders Thinks for taking my opinion

MUHAMMAD JALIL MUHAMMAD ASGHAR

great UI, simple platform, low spreads, great coverage

Jihad Kattar

The videos are easy to follow, i get my profits and downs and understand the market now even more. This app is very well to understand. I would recommend this app to friends if they want to know.

Customer

Good and amazing app for trading and easy setups easy and smooth buy and sell amazing

QAISAR ALI

Excellent for people who would like to get and build all the experience needed to navigate to Stock Market.

Johnsy81

Overall my experience is very good with capital, the one best thing is they give you call support with most other broker apps don’t gives.

Ranjit

I have been usingCapital.comm platform for a year now. I did have some issues with using the platform in the earlier days but I received excellent support from Capital.com guiding me in the process of learning about the platform and put me on track. I am very happy with this platform and find it very easy to use for my trading needs. Capital.com also arranged a series of trading webinars last summer, which I attended and benefited from.

Dr Anjum Pervez

The best app for trade ever I tried to much trade app and this is the best

Moamen

Great website, easy to use and user friendly. Lot of markets to trade with. Good database of information and learning tutorials for beginner. Great customer support. I had some issues and they helped me solve them rapidly. One of the best broker, I recommend.

Nicolas Crampet

Trusted trading Platform Capital.com is the most trusted trading platform I ever experienced. Even without taking any demo,I have started funding and it’s going well. It is a very easy platform for the beginners and can have better trading experience by using this

JEYAKUMAR

great app, love the weekly and monthly insights, and review they send about my trading habits. spread for gold is usually 0.3 but at times fluctuates up to 0.9 this often makes it hard trading on the low time frames and not losing my position to spread even if my bias was correct, if the spread was better I'd give 5 star.

chris hoeben

Capital.com is the best broker of all time and I Should give it five stars but there is a small issue about execution of my orders through traddingview it is a bit slow. But the execution of orders directly from the capital.com App or Website is absolutely fast and apart from that everything is simple incredible.

IKOFO MOISE

Ready to join a leading broker?

Join our community of traders worldwide
1. Create your account2. Make your first deposit3. Start trading