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Trade British Pound / Japanese Yen CFD

199.509
0.43%
Market Trading Hours* (UTC) Opens on Monday at 00:00

Mon - Thu: 00:00 - 20:59 21:05 - 00:00

Fri: 00:00 - 20:59

Sun: 21:00 - 00:00

  • Summary
  • Historical Data
Trading сonditions
Spread 0.304
Long position overnight fee

Long position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment 0.010679 %
Charges from full value of position ($53.39)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
0.010679%
Short position overnight fee

Short position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment -0.018899 %
Charges from full value of position ($-94.49)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
-0.018899%
Overnight fee time 21:00 (UTC)
Min traded quantity 1000
Currency JPY
Margin 0.2%
Commission on trade 0%

  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Jun 14, 2024 199.509 -0.867 -0.43% 200.376 201.600 198.906
Jun 13, 2024 200.375 -0.257 -0.13% 200.632 201.302 199.677
Jun 12, 2024 200.631 0.491 0.25% 200.140 200.915 199.929
Jun 11, 2024 200.147 0.309 0.15% 199.838 200.379 199.666
Jun 10, 2024 199.837 0.242 0.12% 199.595 200.035 198.922
Jun 9, 2024 199.596 0.166 0.08% 199.430 199.746 199.023
Jun 7, 2024 199.356 0.221 0.11% 199.135 199.798 198.381
Jun 6, 2024 199.134 -0.324 -0.16% 199.458 199.926 198.815
Jun 5, 2024 199.457 1.348 0.68% 198.109 199.739 198.087
Jun 4, 2024 198.110 -1.829 -0.91% 199.939 200.408 197.193
Jun 3, 2024 199.936 -0.368 -0.18% 200.304 200.637 199.210
Jun 2, 2024 200.304 0.304 0.15% 200.000 200.488 200.000
May 31, 2024 200.406 0.587 0.29% 199.819 200.502 199.229
May 30, 2024 199.820 -0.320 -0.16% 200.140 200.141 198.742
May 29, 2024 200.141 -0.492 -0.25% 200.633 200.731 200.036
May 28, 2024 200.633 0.336 0.17% 200.297 200.666 200.141
May 27, 2024 200.298 0.555 0.28% 199.743 200.418 199.600
May 26, 2024 199.745 0.082 0.04% 199.663 199.980 199.637
May 24, 2024 199.882 0.653 0.33% 199.229 200.055 198.968
May 23, 2024 199.228 -0.134 -0.07% 199.362 199.881 199.007

Trading calculator

Calculate your hypothetical P&L if you had opened a CFD trade on a certain date (select a date) and closed on a different date (select a date).

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For the avoidance of doubt, this calculation does not include the costs of holding a position overnight (for which there will be additional charges)

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.

News

Bank of Japan Preview: Markets look for guidance from BOJ about timing of next hike

The Bank of Japan meets on Friday, 14th of June, 2024. We preview what to expect from the BOJ decision and how it might impact the USD/JPY and Nikkei 225.

11:05, 12 June 2024

FOMC preview: Still expecting three rate cuts in 2024?

The Federal Reserve is expected to keep its policy unchanged on Wednesday – data from Reuters shows a 99% chance of no change. Last week’s 25-basis-point rate cut from the ECB has done nothing to change market expectations, and why should it?

08:20, 11 June 2024

US Non-Farm Payrolls Preview: Forecasts point to a stable labour market

US labour market conditions are expected to have remained stable in May. The latest Non-Farm Payrolls data will be released on Friday, June 7th, 2024, and will provide a health check on the US jobs market.

10:09, 5 June 2024

AUD/USD analysis: Focus turns to GDP data after unexpected CPI rise

Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.

15:57, 4 June 2024

ECB preview: A cut, but how many more?

After months of waiting, a rate cut from the ECB on Thursday looks like a done deal. Data from Reuters shows markets pricing in a 96% chance of a 25-basis point cut from the European Central Bank following Thursday’s policy meeting.

08:54, 4 June 2024

PCE Index Preview: Forecasts point to no change in headline or core inflation from a month earlier

The markets continue to look for signals of disinflation in the United States. The latest PCE Index data, the US Federal Reserve’s preferred inflation gauge, is released on May 31, 2024.

12:44, 29 May 2024

Gold and Silver recover from last week’s pullback but face resistance ahead of US PCE

Gold and Silver move higher after last week’s pullbacks but the precious metals are struggling with resistance ahead of the US PCE release.

15:46, 28 May 2024

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