GBPJPY has been trading higher after it bounced off its recent lows. If there are enough buyers in the market, we could see the currency pair rally another 500 pips in the coming trading days.
GBPJPY
In this section, you will find our latest GBPJPY news and analysis, you will also be able to read about its history, and find a live chart for technical analysis.
What is GBPJPY?
GBPJPY is the forex pair that shows investors how many Japanese Yen (JPY) are needed to buy a British Pound (GBP). The Pound is one of the most traded currencies in the world, while the Japanese Yen is just behind the USD and EUR in terms of trading volumes. Japanese Yen is a safe haven currency and is often used as a funding currency of trade because it is a low yielding currency.
Related currencies: GBPCAD – GBPCHF – GBPINR – GBPJPY – GBPUSD.
GBPJPY is a volatile pair. Since the British economy is one of the largest economies in Europe and the sixth-largest economy in the world, the GBPJPY pair can be considered as a proxy for global economic health. The Japanese economy, on the other hand, is the third economy in the world just behind the USA and China. GBPJPY performs like a representer for market ‘risk-off’ moves as the carry trade gets reversed. On our website, you can find the latest GBPJPY news and GBPJPY forecasts.
Live Chart
Hot News
Market Brief: Stocks Give Up Gains on Coronavirus Fears; Currencies Muted Ahead of NFP
Asian stocks gave up their gains from yesterday as risk aversion once again dominated sentiment today. The Nikkei 225 suffered a 2.72% or 579.22-point loss at 20,749.68. The Shanghai Composite Index is trading lower by 1.17% 35.791 points at 3,035.886. Meanwhile, the Hang Seng Index is in the red by [...]
Market Brief: Nikkei 225 and Shanghai Composite Post Modest Gains After Fed Rate Cut
Asian equities markets had mixed performances in today’s trading, following the Federal Reserve’s surprise rate cut yesterday. The Nikkei 225 was virtually unchanged when it closed with a 0.08% or 17.26-point profit at 21,099.99. Meanwhile, the Shanghai Composite Index had a 0.63% or 18.769-point gain at 3,011.666. On the other [...]
Market Brief: Nikkei 225 Finishes the Week With Gains Thanks to Chinese PMI
Amid a rising number of confirmed cases of the coronavirus, the Nikkei 225 closed with a 227.4-point or 0.99% profit at 23,205.2. On the other hand, the Hang Seng Index continued to trade in the red today but losses were not as dire as yesterday. As of this writing, Hong [...]
Market Brief: Hang Seng Index Down on Coronavirus While Nikkei 225 Recovers
Asian Equities Markets Were Mixed Today Asian markets were mixed in today's trading. The Hang Seng Index is trading lower by over 804.2 points or 2.86% at 27,150. This is the first day since the start of this week that Hong Kong markets opened. Therefore, this is the first time [...]
GBPJPY Range-Bound As EU’s Tusk Confirms Brexit Extension
GBPJPY continues to consolidate this Monday as the European Council President Donald Tusk has confirmed a Brexit extension until 31 January 2020. Tweeting via his verified Twitter handle, Tusk said: "The EU27 has agreed that it will accept the UK's request for a #Brexit extension until 31 January 2020. The...
GBPJPY Lower As PM Johnson Threatens to pull Brexit bill
GBPJPY has briefly moved below the 140.00 mark after PM Boris Johnson threatened to abandon its Brexit deal if deputies vote down its three-day timetable to get it through Parliament before the October 31st deadline. Special free webinar for traders: Price Action & Market Structures for 2019. Register now. In...
British Pound Down Mildly On Brexit Vote Disappointment
The much expected Brexit Super Saturday ended up as an anti-climax. Voting was disrupted by an amendment put forward by Sir Oliver Letwin, asking for a delay in the House of Common vote so that the relevant laws necessary for Brexit implementation could be passed. This motion was passed by [...]
GBPJPY Off Daily Highs After DUP Objects to Brexit Deal
The GBPJPY experienced an initial surge earlier today on reports that a Brexit deal had been agreed by negotiating parties. However, the pair has begun to trade off its daily highs after the Democratic Unionist Party (DUP) expressed reservations a short while ago about the new Brexit deal. The GBPJPY [...]
GBPJPY Tries to Take Out Multi-Month High on Tusk Brexit Comments
The British Pound (GBPJPY) has risen sharply over the last few days vs. the Japanese Yen, and moments ago, the price tried to take out the September 20 high of 135.75. The move higher in GBPJPY was triggered by comments by the President of the European Council, Donald Tusk. At [...]
Q2 Global Market Outlook
Published: April 1, 2020 | Authors: Alejandro Zambrano, Martin Lam, and Cameron Bowen.
GLOBAL MARKET OUTLOOK Q2, 2020
Watch Today’s Market Outlook
Video: Coronavirus Special
March 19, 2020
Video: Coronavirus Special: Key Indicators to Watch, Dow Jones, GBPUSD, DAX Index
Watch the recording of this exclusive webinar as we discuss what may happen next with the coronavirus crisis, and how our Chief Market Strategist, Alex Zambrano, is navigating the markets in his private trading account.
Our Best Trading Ideas for 2020
