Handel British Pound / Japanese Yen

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.