Buy price
211.564
211.564
211.551
Information regarding past performance is not a reliable indicator of future performance.
GBP/JPY trades near 212 and rises when the pound gains against the yen. The Bank of England raised Bank Rate to 4.00% on 5 Nov by an 8 to 1 vote, its first hike since 2023, and said more increases will probably be needed.
The Bank of Japan held at 1.25% on 30 Oct but raised its inflation outlook, so the rate gap still favors sterling. The yen also gains when global stocks fall, which weighs on the pair in risk-off weeks.
Levels for 2 to 6 Nov: Support 210 and 208. Resistance 214 and 216.
Next catalyst: US jobs data on 6 Nov and Bank of Japan comments
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GBP/JPY
GBPJPY
211.558
Charging Schedule
| Day | Time | Buy | Sell |
|---|---|---|---|
| Mon | 22:00 | -0.0024% | -0.0032% |
| Tue | 22:00 | -0.0024% | -0.0032% |
| Wed | 22:00 | -0.0024% | -0.0032% |
| Thu | 22:00 | -0.0024% | -0.0032% |
| Fri | 22:00 | -0.0072% | -0.0096% |
| Sat | - | - | - |
| Sun | - | - | - |
FAQ
GBP/JPY reflects the exchange rate between the British pound and the Japanese yen. It shows how many yen are needed to buy one pound and is a major cross pair in forex trading.
GBP/JPY is highly volatile due to the contrast between the pound’s sensitivity to economic news and the yen’s role as a safe-haven currency. This creates large price swings and fast-moving trends.
The pair is influenced by interest rate differentials, UK and Japan economic data, political events, and global risk sentiment. Sharp moves often follow central bank decisions or major news.
Monetary policy from both banks directly affects the pair. Rate hikes from the BoE may strengthen GBP, while BoJ policies, especially interventions, can shift JPY significantly.
The best time to trade GBP/JPY is during the London and Tokyo session overlap, typically from 07:00 to 9:00 UTC, when both currencies are actively traded.
GBP/JPY is prone to rapid price spikes and large intraday swings. While it offers opportunity, its volatility requires strong risk management and disciplined trade setups.
Effective strategies include breakout trading, trend-following with tight stops, and news-based setups. Traders often use momentum technical indicators.
Due to its high volatility and fast price action, GBP/JPY is generally better suited for experienced traders who can manage risk and respond quickly to market moves.