Introduction The GBP/JPY Pair

GBPJPY Pairs

The GBP/JPY currency cross (British Pound/Japanese Yen) is the relation of the British Pound against the Japanese Yen. The GBP/JPY is extremely volatile and can easily move 200-350 pips in one single trading day!

Don’t trade this pair if you are a forex beginner or if you don’t like extreme volatility! The GBP/JPY cross currency gives one the possibility to convert pounds directly into yen’s.

Forex Knowledge: Trading the British Pound/Japanese Yen

  • Typical broker spread: 3.5-10 pips
  • Common used nicknames: Gopher
  • Most active trading sessions: London session and US session
  • Most active trading hours: 7:00 GMT – 17:30 GMT and during major economic releases from Japan (Asian session)
  • Average daily range (high-low): 238 pips
  • Trading strategies to trade GBP/JPY: Click here
  • Recommended level of trading experience: Expert
  • Value of one pip GBP/JPY: Variable

Economic Events That Move The British Pound/Japanese Yen

A. UK

  • Current Account
  • Trade Balance
  • Non EU Trade Balance
  • Visible Trade Balance
  • Gross Domestic Product (GDP)
  • NIESR GDP Estimate
  • Consumer Price Index (CPI)
  • BOE Rate Decision
  • Bank of England Meeting Minutes

B. JAPAN

  • Trade Balance
  • Merchandise Trade Balance Monthly
  • Gross Domestic Product Quarterly (GDP)
  • Tankan Survey
  • Tertiary Industry Index
  • Leading Economic Index
  • Consumer Price Index (CPI)
  • Domestic CGPI
  • BoJ Monetary Policy Meeting and Announcement
  • BOJ Monetary Policy Meeting Minutes
  • BoJ Monetary Policy Monthly Report
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