GBPJPY was trading higher on Thursday as Brexit talks come down to fishing rights. The pair is also benefiting from a continued rise in stock markets which is lowering the desire for safe havens like the Yen.
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 is drifting lower for a second day as the UK and EU restart in-person Brexit talks this weekend. The talks went virtual after a member of the EU side tested positive for the coronavirus.
GBPJPY was 0.70% higher on Monday after officials said a Brexit deal was “95% done over the weekend. GBPJPY was trading at 138.80 and could see a further relief rally if a deal is penned in the weeks ahead.
GBPJPY was trading higher by 0.25% on Monday despite stronger than expected GDP data from the Japanese economy. The pound is stronger after two key Brexit aides left the government.
GBPJPY soared this week from 135.90 to close near 139.75 on Tuesday as vaccine hopes removed safe haven demand. The pair has paused on Wednesday but further gains could be possible on a Brexit deal.
One of the biggest performers so far this week in the FX market is the GBPJPY cross. The pair benefited from positive economic data from the United Kingdom and from investors selling safe-haven currencies. Moreover, the technical picture reveals a possible double bottom formation at 125 with a measured move […]
The GBPJPY is lower on the day and is threatening a larger move lower as the Bank of Japan gets set to meet with their latest interest rate decision. The central bank is not expected to move on rates but with recent weakness in inflation a surprise cannot be ruled […]
Another GBPJPY rally fizzled out last week and the bears are looking to stamp their authority on the market. Thursday sees the latest Bank of Japan policy meeting, where traders will get an update on interest rate and monetary policy. Analysts expect the BOJ will hold rates steady at -0.1% […]
The GBPJPY was 0.30% lower despite Japanese inflation printing at 0%. The figures come ahead of the latest meeting of the Bank of Japan, where policymakers will give their latest inflation forecasts. Investors are happy to give the Yen a pass on deflation for now with the rest of the […]
GBPJPY was higher by 0.70% on Monday despite the threat of a No Deal Brexit still hanging over the pound. The European Union failed to agree to terms with the U.K. at last week’s EU summit and the future path of Britain’s exit from the bloc is still cloudy. The […]