Trade GBP/JPY - GBP CFD

¥210.186

+0.17% (0.36)

GBP Price Chart

*Past performance is not an indication of future results

SELL 210.543 BUY 210.574

High: 210.568

Low: 209.992

Trader sentiment:

Sellers: 60.0%

Buyers: 40.0%

Market trading hours

Open now

Sun 22:05 - Fri 21:00

Trade GBP

What is GBP/JPY?

GBP/JPY combines two currencies with very different monetary-policy regimes, the pound and the yen, and is widely known among traders as a high-volatility "risk barometer" that reacts strongly to shifts in global risk appetite as well as UK- and Japan-specific news. Its price is driven by the interest-rate gap between the Bank of England and the Bank of Japan, UK economic and political developments, and Japanese intervention risk when the yen weakens excessively.

Trade

Trading Conditions

Minimal Spread: 0.031
Typical Spread: 0.0404
Overnight funding swap buy: -0.01483%
Minimum trade size / value: 750 Units
Commission: 0%
Max Leverage (1/margin%): 1:400

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What are GBP/JPY trading hours?

GBP/JPY trades 24 hours a day on weekdays across global forex sessions, with the highest liquidity during the London and Tokyo overlap.

Is GBP/JPY volatile?

Yes, GBP/JPY is known for larger average daily ranges than many major pairs, since it combines two currencies from very different policy regimes.

What advantages does iFOREX offer for GBP/JPY trading?

iFOREX offers real-time pricing and access to GBP/JPY alongside other major currency pairs from one account.

What is GBP/JPY?

GBP/JPY is the exchange rate between the British Pound and the Japanese Yen, traded as a cross pair without direct US dollar involvement.

How do you trade GBP/JPY?

GBP/JPY is typically traded via CFDs that track the exchange rate, allowing traders to speculate on price direction without exchanging physical currency.

What is the best time to trade GBP/JPY?

Liquidity is highest during the London and Tokyo session overlap, though caution is warranted during thin holiday-period trading.

What factors influence GBP/JPY's price?

The Bank of England-Bank of Japan rate differential, UK political and economic developments, and shifts in global risk appetite are key GBP/JPY drivers.

Why does GBP/JPY see larger price swings than other pairs?

Because it combines two currencies from very different policy regimes, without a shared driver on either side, GBP/JPY tends to see wider average daily ranges.