Introduction The GBP/JPY Pair
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
