CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The GBP/JPY rate tracks the price of the British pound, the base currency, against the Japanese yen, the counter currency. Monetary policy announcements of both the Bank of England and the Bank of Japan will have an influence on this currency pair as well as the respective country's interest rates. This currency pair is informally known as the ‘dragon’ and is renowned for being historically volatile. Unexpectedly, the pair fluctuates in relation to the economic association between Western Europe and the Asia-Pacific region.