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.
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 pair bounced back today as even as the UK released weak GDP and industrial production data. It is...
The British Pound has lost ground against the Euro after the Bank of England (BoE) announced this Tuesday that its...
The GBPJPY pair was moving sharply lower on the day to test support after U.K. Prime Minister Boris Johnson stated...
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 breaks below the 128 mark a level that we haven’t seen since November 2016 after disappointing UK GDP figures....
The much expected Brexit Super Saturday ended up as an anti-climax. Voting was disrupted by an amendment put forward by...
The GBPJPY was 0.30% lower despite Japanese inflation printing at 0%. The figures come ahead of the latest meeting of...
The GBPJPY has ralled over the last two weeks to test resistance levels but today’s selling ahead of employment data...
Another GBPJPY rally fizzled out last week and the bears are looking to stamp their authority on the market. Thursday...