0 (0%)
Daily change

Thinking of trading GBP/JPY?

    1. The GBP/JPY is thought of as a gauge for global economic health, as it reflects issues affecting both Western Europe's monetary policies and those in the Asia-Pacific region. Both the GBP and the JPY are part of the elite basket of 7 denominations that consolidate the International Monetary Fund's (IMF) in-house money formed in 1944. The UK and Japan are both members of the Group of Seven leading economies. 2. Apart from this pair not being related to the US, they are very different between each other, they are almost completely out of sync regarding monetary policy and that should help the traders make educated guesses to where this pair moves.
Start Trading

Trading CFDs involves significant risk of loss

Get daily trading signals

  • Shares/Indices
  • Forex
  • Gold/Oil

Powered by

Trading CFDs involves significant risk of loss

How would you like to trade GBP/JPY?

Fondex cTrader features an impressive array of trading tools that can help you analyse the Forex market with efficiency and precision.
  • Tight spreads & reliable execution
  • 70+ pre-installed indicators
  • Custom indicators
  • 26 time frames
  • Live Sentiment data
  • Chart trading
  • Advanced Take Profit & Stop Loss
  • Depth of Market

Trading CFDs involves significant risk of loss

Fondex cTrader’s Copy functionality enables you to copy strategies from other traders or provide signals and charge a fee.
  • Vast selection of strategies to copy
  • Efficient risk management
  • Can start and stop copying at your will
  • Flexible allocation of funds
  • Detailed performance reports
  • Full transparency & access to historical data

Trading CFDs involves significant risk of loss

Use cBots to monitor and trade multiple Forex pairs at the same time. When you use cBots to trade, an algorithm opens and closes your positions without any decision-making on your part.

For beginners:

  • Great choice of available cBots for various trading strategies and risk tolerance levels
  • Simple Plug and Play functionality

For advanced traders:

  • Ability to create your own cBot or custom indicator

Trading CFDs involves significant risk of loss

The nickname from the pair GBP/JPY is probably the most powerful and meaningful in a poetic way. It is called the Beast, Dragon, or a more common name, the Geppy. As with the rest of the forex pairs, GBP/JPY portrays the relative value of the Sterling pound over the Japanese yen. The pair is considered a 'cross'. This means the US dollar is not used when calculating the exchange rate.The GBP date back to around 775, it evolved to its modern form by following decimalisation in 1971. It is the fourth most traded currency in the FX market. The history of the Japanese yen dates back to 1871 by the Meji government and its growth is due in large part, to the strong Japanese industrial complex. The strongest price of the GBP/JPY was in 2007 when it was trading at 247.945 and its lowest point in 2011 trading at 116.837. Currently, the Geppy is trading at 138.70. As other JPY-currency pairs, traders should be additionally careful to wars and natural disaster news, not only on the typical events that would have an effect on the pair.

1. It is worth keeping an eye on the relationship between the Japanese yen and the energy industry. Japan's economic growth relies on the commodity prices such as the importation of crude oil and natural gas. In 2014, Japan was the 4th biggest importer of crude oil. Historically, it is demonstrated that there is a direct correlation between the yen and the global energy prices. Meaning that when the energy prices drop so does the yen, and vice versa. 2. Of course, we cannot miss the monetary policies from either country. The BoE's (Bank of England) and the BoJ's (Bank of Japan) interest rates decision will directly impact the direction of the GBP/JPY. The traders should definitely have the Consumer Price Index (CPI) announcements under control, as it is a key indicator of JPY-related currency crosses. 3. Bonds such as the Gilt and the GJGB10 will have an influence in the pair, as well as some other Indices such as the UK 100 and the Nikkei 225, which will move the pair depending on their respective success.

Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.

For more information, please view the 'Risk Disclosure'