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.
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.
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.
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 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...