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GBP/JPY Exchange Rate Today — Live Chart and Analysis

GBP/JPY - nicknamed "the dragon" - is one of the most volatile pairs in the major currency space, combining two of the world's most actively managed currencies. Popular among retail traders in Southeast Asia, the Middle East, and Latin America who are drawn to its large daily ranges and carry trade dynamics. When risk is on, GBP/JPY tends to rise; when uncertainty spikes, the pair can fall sharply and fast.

Buy price

213.58

Sell price

213.571

GBP/JPY chart

Price Performance

1 week
-0.75% -0.75%
1 month
-2.02% -2.02%
YTD
-0.93% -0.93%
Year
-1.7% -1.7%
5 years
-4.46% -4.46%

Information regarding past performance is not a reliable indicator of future performance.

Analysis

GBP/JPY surged to near 200 in mid-2024 on carry trade euphoria. Traders were borrowing cheap yen and buying higher-yielding sterling, pocketing the rate differential - and the strategy was wildly popular across retail communities in Thailand, Indonesia, Saudi Arabia, and Nigeria. The BoJ's surprise July 2024 rate hike triggered a violent reversal, with GBP/JPY falling nearly 20 figures in days as carry trades unwound globally. This single move wiped out months of gains for undercapitalised retail traders and is now a reference point in forex risk management discussions across Southeast Asian trading communities. Since then the pair has stabilised in the 188–195 range as the BoJ has hiked gradually to 0.75% while the BoE has cut gradually to 3.75%. In Q2 2026, GBP/JPY trades around 188–195. Both central banks are moving in the same direction - higher BoJ rates and lower BoE rates - which structurally pressures the pair lower over time. Key support: 183–185. Key resistance: 195–200 where carry trade rebuild tends to run into BoJ intervention risk.

How can I buy GBP/JPY?

  • 1

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  • 2

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  • 3

    Trade

    Choose GBPJPY, set the amount, and click buy or sell — that’s it!

GBP/JPY

GBPJPY

213.576

+0.08%

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