The GBPJPY pair is relatively unchanged today as traders wait for key economic numbers and the BOJ interest rate decision. The pair is trading at 135.05, which is slightly below the intraday high of 135.40. BOJ decision eyed The Bank of Japan (BOJ) is among several central banks that will […]
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 seesaws around the 134 mark as the rebound from monthly low stalled at the 100-day moving average for the second straight day at the 200-day moving average. British pound managed to rebound
The GBP to JPY (GBPJPY) pair rose by almost 20 basis points today as traders reacted to the divergent PMI data from Japan and the UK. The pair is trading at 133.40, which is higher than yesterday’s low of 131.81.
The GBPUSD comes under scrutiny as the Bank of England's MPC meets to decide interest rates and the Asset Purchase Facility on June 18. How will the GBPUSD react and what other factors will come into play? Sign up to find out more from this preview.
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.