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Trade British Pound / Japanese Yen CFD

160.899
0.45%
0.062
Low: 160.437
High: 161.554
Market Trading Hours* (UTC) Opens on Monday at 00:00

Mon - Wed: 00:00 - 21:58 22:05 - 00:00

Thu: 00:00 - 21:58

  • Summary
  • Historical Data
Trading Conditions
Spread 0.062
Long position overnight fee

Long position overnight fee


Margin. Your investment $1,000.00
Overnight fee 0.000039 %
Charges from borrowed part ($0.01)
Trade size with leverage ~ $30,000.30
Money from leverage ~ $29,000.30

Go to platform
0.000039%
Short position overnight fee

Short position overnight fee


Margin. Your investment $1,000.00
Overnight fee -0.000093 %
Charges from borrowed part ($-0.03)
Trade size with leverage ~ $30,000.30
Money from leverage ~ $29,000.30

Go to platform
-0.000093%
Overnight fee time 22:00 (UTC)
Min traded quantity 1000
Currency JPY
Margin 3.3333%
Commission on trade 0%

*Information provided by Capital.com

  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Jan 27, 2023 160.899 -0.234 -0.15% 161.133 161.264 160.399
Jan 26, 2023 161.134 0.730 0.46% 160.404 161.726 159.997
Jan 25, 2023 160.405 -0.155 -0.10% 160.560 160.919 159.493
Jan 24, 2023 160.559 -1.091 -0.67% 161.650 161.762 159.981
Jan 23, 2023 161.651 1.140 0.71% 160.511 161.793 160.351
Jan 22, 2023 160.512 -0.044 -0.03% 160.556 160.859 160.447
Jan 20, 2023 160.638 1.569 0.99% 159.069 161.276 159.034
Jan 19, 2023 159.070 0.356 0.22% 158.714 159.232 157.557
Jan 18, 2023 158.714 1.150 0.73% 157.564 161.515 157.475
Jan 17, 2023 157.564 0.894 0.57% 156.670 158.010 156.574
Jan 16, 2023 156.667 0.158 0.10% 156.509 157.065 156.175
Jan 15, 2023 156.510 0.520 0.33% 155.990 156.658 155.867
Jan 13, 2023 156.383 -1.412 -0.89% 157.795 157.922 155.635
Jan 12, 2023 157.796 -2.563 -1.60% 160.359 160.500 157.592
Jan 11, 2023 160.359 -0.179 -0.11% 160.538 161.199 160.220
Jan 10, 2023 160.539 0.053 0.03% 160.486 160.924 160.029
Jan 9, 2023 160.487 0.753 0.47% 159.734 161.219 159.296
Jan 8, 2023 159.734 0.500 0.31% 159.234 159.990 159.234
Jan 6, 2023 159.716 0.970 0.61% 158.746 160.010 158.738
Jan 5, 2023 158.748 -0.689 -0.43% 159.437 160.024 158.475

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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).

Trade commission
0
  • 1:1
  • 2:1
Leverage
3.3333:1
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Investment
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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.

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