| Spread | 0.044 | ||||||||
|
Long position overnight fee
Long position overnight funding adjustment
Go to platform | 0.009088% | ||||||||
|
Short position overnight fee
Short position overnight funding adjustment
Go to platform | -0.017308% | ||||||||
| Overnight fee time | 21:00 (UTC) | ||||||||
| Min traded quantity | 500 | ||||||||
| Currency | JPY | ||||||||
| Margin | 0.20% | ||||||||
| Commission on trade | 0% |
| Date | Close | Change | Change (%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Oct 23, 2024 | 197.102 | 0.912 | 0.46% | 196.190 | 197.220 | 196.166 |
| Oct 22, 2024 | 196.190 | 0.658 | 0.34% | 195.532 | 196.501 | 195.085 |
| Oct 21, 2024 | 195.531 | 0.283 | 0.14% | 195.248 | 195.877 | 194.555 |
| Oct 20, 2024 | 195.247 | 0.410 | 0.21% | 194.837 | 195.314 | 194.809 |
| Oct 18, 2024 | 195.092 | -0.249 | -0.13% | 195.341 | 196.037 | 194.743 |
| Oct 17, 2024 | 195.340 | 1.059 | 0.55% | 194.281 | 195.589 | 193.815 |
| Oct 16, 2024 | 194.280 | -0.481 | -0.25% | 194.761 | 195.267 | 193.688 |
| Oct 15, 2024 | 194.757 | -0.867 | -0.44% | 195.624 | 195.649 | 194.630 |
| Oct 14, 2024 | 195.623 | 0.822 | 0.42% | 194.801 | 195.713 | 194.615 |
| Oct 13, 2024 | 194.801 | 0.159 | 0.08% | 194.642 | 194.984 | 194.571 |
| Oct 11, 2024 | 194.776 | 0.558 | 0.29% | 194.218 | 195.221 | 193.843 |
| Oct 10, 2024 | 194.216 | -0.669 | -0.34% | 194.885 | 195.489 | 193.559 |
| Oct 9, 2024 | 194.884 | 0.937 | 0.48% | 193.947 | 195.238 | 193.574 |
| Oct 8, 2024 | 193.947 | 0.136 | 0.07% | 193.811 | 194.358 | 192.871 |
| Oct 7, 2024 | 193.803 | -1.444 | -0.74% | 195.247 | 195.247 | 193.111 |
| 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 |
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).
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.
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.
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.
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.
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.
US elections: Trump leads the polls, but tariff talk spooks investors
As the US elections get closer we look at how Trump’s tariff plans could affect markets.
15:02, 22 October 2024Gold markets to trade
Last week, we explored the basic fundamental and technical approaches to gold trading. Having covered the key price drivers of this critical asset and how you might use data to trade it, you’re ready to assess the conditions for entry. But there are a range of markets that can effectively give you exposure to gold.
08:00, 21 October 2024US earnings seasons off to a solid start as focus shifts to tech giants
The US earnings season has started on a positive note, with major banks exceeding expectations and boosting market sentiment.Key themes for the sector include investments in artificial intelligence, capital expenditure returns, and consumer trends in advertising and e-commerce. The S&P 500 continues to climb, driven by strong earnings, resilient economic growth, and the potential for interest rate cuts. Keep an eye on significant support and resistance levels as the market tests new record highs.
14:31, 17 October 2024ECB Preview: cooling growth and inflation call for another rate cut
Markets are convinced the European Central Bank (ECB) will cut rates by 25 basis points again at Thursday’s meeting.
12:41, 16 October 2024Australian labour force data forecast to reveal stable jobs market
Australia's labour market remained stable in September 2024, with the unemployment rate forecast to hold at 4.2%, supported by a 25,200 person rise in employment. Despite the economy teetering on the edge of recession, strong hiring trends persist, challenging market economists' predictions.
07:41, 15 October 2024Applying fundamental and technical strategies to Gold Trading
Last week, we visualised the key potential drivers of gold in a chart focused on recent performance. Understanding the factors that can move gold prices is essential, but translating that knowledge into effective trading strategies is where the real potential can lie.
08:00, 14 October 2024S&P 500 expected to deliver modest earnings growth in Q3
Earnings growth across the S&P 500 is expected to be modest in Q3, with a projected 4.2% increase in EPS, down from 7.8% in the previous quarter. Information technology, health care, and communication services are poised to drive growth, particularly IT with a forecasted 15% year-over-year EPS increase.
12:40, 11 October 2024Trade GBP/JPY CFDs, other major currency pairs, indices, shares, and commodities through Capital.com’s award-winning platform. Available on web and mobile. Trade now.
Learn more about British Pound / Japanese Yen
Join the 650,000+ traders worldwide that chose to trade with Capital.com
