GBP/JPY Forex Trading
GBP/JPY live charts
As this is a pair you'll no doubt want to keep a close watch on, our GBP/JPY live charts are the resource you need. Offering insights into the latest GBP/JPY forex rates, you can view these charts on desktop or mobile so you can take the actions that matter wherever you are. You're also able to view historic trends to provide much-needed context when deciding your position.
What is GBP/JPY trading?
The Great British Pound/Japanese Yen pair gives traders a chance
to trade on the fortunes of two of the world's four most
popular (and traded) currencies. The GBP/JPY currency pair
reflects how much Japanese Yen (JPY) is needed to buy one
British Pound (GBP). And it's certainly an interesting
proposition for traders who want to add something different to
GBP/JPY has a reputation for notable volatility. That can be seen in the various nicknames given to this pair – "the beast" and "the dragon". The seismic movements that are sometimes seen in the GBP/JPY price mean this pair isn't for the faint-hearted.
Key drivers of GBP/JPY prices
You can trade GBP/JPY with FXOpen EU using CFDs. As a
derivative product, this means you won't own the
underlying assets. But, as a highly volatile pair,
it's important you keep tabs on all the key factors
that can affect the GBP/JPY price. And, as two
leading global currencies, this is one pair that can
act as a barometer for the health of the world
Japan's reliance on energy imports means the price of energy commodities (e.g., crude oil) can have a strong pull on GBP/JPY forex rates. So too, of course, can domestic monetary policies or political events. If this is the first time you've decided to trade GBP/JPY, it can disrupt even the most tried and tested strategies – so newcomers are advised to show caution.
The best times to trade GBP/JPY
With FXOpen EU, you can use our platforms to trade GBP/JPY at any time that suits you. When GBP/JPY opportunities show themselves, be ready to act. Open your account now.