GBP/JPY Forex Trading
GBP/JPY can often be one of the go-to pairs for those who want extra volatility in their portfolio. Sound like you? Trade GBP/JPY with FXOpen now.
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 their portfolio.
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 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 economy.
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, 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.