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.
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.
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.
Amid a rising number of confirmed cases of the coronavirus, the Nikkei 225 closed with a 227.4-point or 0.99% profit...
Another GBPJPY rally fizzled out last week and the bears are looking to stamp their authority on the market. Thursday...
The GBP/JPY price is holding steady as the divergence between the Bank of Japan (BOJ) and the Bank of England...
The GBPJPY was slightly higher on Monday as the market reacts to the sudden departure of Japanese Prime Minister Shinzo...
In early May when GBPJPY was trading around 143.70, I said that GBPJPY could fall sharply. The price did so and reached a low of 135.35. Read my latest outlook to find out where I think the pair will be trading next. It is free to become a member, and you will have access to all of our premium articles. Try today.
Asian equities markets had mixed performances in today’s trading, following the Federal Reserve’s surprise rate cut yesterday. The Nikkei 225...
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 breaks below the 128 mark a level that we haven’t seen since November 2016 after disappointing UK GDP figures....