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Trade British Pound / Japanese Yen CFD

193.811
0.65%
Market Trading Hours* (UTC) Open now
Closes on Monday at 20:59

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 0.034
Long position overnight fee

Long position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment 0.009371 %
Charges from full value of position ($46.86)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
0.009371%
Short position overnight fee

Short position overnight funding adjustment


Margin. Your investment $1,000.00
Overnight funding adjustment -0.017591 %
Charges from full value of position ($-87.95)
Trade size with leverage ~ $500,000.00
Money from leverage ~ $499,000.00

Go to platform
-0.017591%
Overnight fee time 21:00 (UTC)
Min traded quantity 500
Currency JPY
Margin 0.20%
Commission on trade 0%

  • Last Week
  • Last Month
  • Last Year
  • Last two Years
  • Max
  • Daily
  • Weekly
  • Monthly
Date Close Change Change (%) Open High Low
Oct 7, 2024 194.998 -0.249 -0.13% 195.247 195.247 194.585
Oct 6, 2024 195.247 0.455 0.23% 194.792 195.608 194.473
Oct 4, 2024 195.069 2.298 1.19% 192.771 195.512 191.716
Oct 3, 2024 192.771 -1.617 -0.83% 194.388 195.155 192.108
Oct 2, 2024 194.389 3.621 1.90% 190.768 194.854 190.400
Oct 1, 2024 190.774 -1.465 -0.76% 192.239 193.345 189.837
Sep 30, 2024 192.237 1.158 0.61% 191.079 192.296 189.547
Sep 29, 2024 191.074 1.179 0.62% 189.895 191.275 189.875
Sep 27, 2024 190.074 -4.464 -2.29% 194.538 195.948 189.992
Sep 26, 2024 194.547 1.887 0.98% 192.660 194.576 192.491
Sep 25, 2024 192.660 0.744 0.39% 191.916 193.248 191.866
Sep 24, 2024 191.915 0.199 0.10% 191.716 193.309 191.320
Sep 23, 2024 191.718 -0.063 -0.03% 191.781 192.419 190.117
Sep 22, 2024 191.780 0.481 0.25% 191.299 191.851 191.211
Sep 20, 2024 191.603 1.880 0.99% 189.723 191.978 188.678
Sep 19, 2024 189.726 1.332 0.71% 188.394 190.375 188.157
Sep 18, 2024 188.391 1.423 0.76% 186.968 188.462 185.810
Sep 17, 2024 186.967 0.995 0.54% 185.972 187.438 185.280
Sep 16, 2024 185.980 0.990 0.54% 184.990 186.488 183.756
Sep 15, 2024 184.982 0.404 0.22% 184.578 185.018 184.365

Trading calculator

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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.

News

Gold's recent Story

Last week, we explored the key price drivers of gold, and how they impacted the price of the precious metal this year and last. Now, we’ll bring these factors to life in a chart, showing you ten instances the gold price responded to critical fundamental events, including central bank policies, global economic data, and geopolitical events.

15:36, 7 October 2024

September US Non-Farm Payrolls Preview

Kyle Rodda, Senior Market Analyst at Capital.com, previews the US Non-Farm Payrolls report for September. The article discusses market expectations of a stable labor market with 150,000 new jobs, an unchanged unemployment rate of 4.2%, and steady annual wage growth at 3.8%. It also highlights potential rate cuts by the Federal Reserve, revisions to past payroll data, and the reaction of various markets such as the US Dollar, S&P 500, and gold.

07:59, 2 October 2024

Market of the Month - Gold, an overview

In 2024, gold has been on an upward trajectory, hitting high after high as global markets face ongoing challenges. This precious metal, long seen as a safe haven, has been proving its worth, drawing attention from traders around the world as its bullish surge continues.

06:00, 30 September 2024

RBA Preview: Rates to remain unchanged with inflation-fighting still the focus

RBA Governor Michelle Bullock emphasizes inflation challenges for Australia's economy, citing supply shocks and demand-supply imbalances. Discover insights on CPI trends, interest rates, and the central bank's strategy for managing price pressures in 2024.

12:27, 20 September 2024

BoE Preview: no change expected but forward guidance will be key

The BoE is forecasted to leave rates unchanged in September as UK CPI remains stubborn.

14:53, 19 September 2024

FOMC Decision Review: A 50 point cut but the markets responded in a mixed fashion

Discover the US Federal Reserve’s latest 50 basis point cut and how the markets reacted. Stocks surged, the US Dollar fell, and the Fed hints at more aggressive cuts ahead.

11:30, 19 September 2024

Bank of Japan Preview

The Bank of Japan will meet on September 20, 2024, with markets anticipating minimal policy changes. However, inflation risks remain, with core CPI at 2.7% and potential for future interest rate hikes.

09:40, 17 September 2024

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