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% […]
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.
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 […]
GBPJPY spiked lower on comments from U.K. Prime Minister Boris Johnson who told Britons to, “prepare for No Deal Brexit. The statement came after talks between the EU and Britain broke down once more ahead of the second day of an EU summit. Traders were not expecting a No Deal […]
The GBPJPY has ralled over the last two weeks to test resistance levels but today’s selling ahead of employment data could be a sell opportunity. The pound has gained strength from progress in Brexit talks, with the hope of another extension into November. The pair has also gained from continued […]
GBPJPY has been moving higher for six straight days but the pair has been rejected at the 136.50 level and could be set for another move lower. Sterling has been hit by reports that Britain and the EU were still not close to agreeing on the issues of state aid. […]
GBPJPY was 0.30% lower on the day after improved industrial production and retail sales data from the Japanese economy. Industrial production was still at a disappointing -13.3% but this was better than the -15.5% expected by analysts. Retail sales were also negative but they also defied economist’s expectations with a […]
The GBPJPY was higher for a fifth consecutive day as the pound continued to bounce from a recent sell-off. The pair is now testing resistance and the path ahead will determine whether it’s a correction of the recent drop, or whether sterling can test the recent highs again. The yen […]
GBPJPY has fallen under the 134.00 level after the U.K. announced further lockdown restrictions blaming a rise in virus cases. A 10 p.m. curfew has been placed on the country’s pubs and restaurants, which will do nothing to help the embattled hospitality sector, whilst there is talk of a 14-day […]
The GBPJPY is mixed on the week after reversing yesterday’s losses but the weekly picture highlights the risk of further losses in the pair.