The GBP/JPY (GBPJPY) is one of the world's most actively traded Forex cross-currency pairs, representing the exchange rate between the British pound (GBP), also known as Sterling, and the Japanese yen (JPY). Often referred to by traders as "The Dragon" or "The Beast" because of its high volatility, GBPJPY is widely followed for its large price swings and strong reaction to global market sentiment.
The GBP/JPY exchange rate is primarily influenced by monetary policy decisions from the Bank of England (BoE) and the Bank of Japan (BoJ), interest rate differentials, inflation, economic data, and shifts in global risk sentiment. Because the British pound is considered a relatively high-yielding currency while the Japanese yen is viewed as a traditional safe-haven asset, GBPJPY is also one of the most closely watched currency pairs for carry trade strategies.
This page provides GBP/JPY forecasts, technical analysis, economic calendar events, key support and resistance levels, forward points, margin data, market statistics, and regularly updated trading insights.
GBP/JPY (GBPJPY)
The GBP/JPY exchange rate is primarily influenced by monetary policy decisions from the Bank of England (BoE) and the Bank of Japan (BoJ), interest rate differentials, inflation, economic data, and shifts in global risk sentiment. Because the British pound is considered a relatively high-yielding currency while the Japanese yen is viewed as a traditional safe-haven asset, GBPJPY is also one of the most closely watched currency pairs for carry trade strategies.
This page provides GBP/JPY forecasts, technical analysis, economic calendar events, key support and resistance levels, forward points, margin data, market statistics, and regularly updated trading insights.
Trading Specifications GBPJPY
ℹ INFO
| Specification | Details |
|---|---|
| Symbol | GBP/JPY (GBPJPY) |
| Asset Class | Major Forex Cross Currency Pair |
| Base Currency | British Pound (GBP / Sterling) |
| Quote Currency | Japanese Yen (JPY) |
| Min. Price Increment | 0.01 (1 pip) |
| Trading Hours | 24 hours, Monday–Friday |
| Most Active Trading Period | 07:00–16:00 UTC (London session and London–New York session overlap) |
| Key Market Drivers | Bank of England decisions, Bank of Japan policy, interest rate differentials, UK CPI, GDP, employment data, global risk sentiment |
| Correlation | Generally rises during risk-on markets and falls during risk-off periods as demand for the Japanese yen increases |
Marginal Data GBPJPY
Margin
$650000
2026-07-30
Point Cost
$1250.00
per 1 pp
Points
520 pp
margin / cost
Economic Calendar (High Impact Events) GBP/JPY
Current Week (27.07–02.08)
| Time | Event | Cur. | Actual | Forecast | Prev. | Eff. |
|---|---|---|---|---|---|---|
| 30.07 14:00 | BoE Interest Rate Decision | GBP | 3.75% | — | ||
| 30.07 16:15 | BoE Governor Bailey Speech | GBP | — | |||
| 31.07 02:30 | Tokyo CPI excl. Food and Energy y/y | JPY | 1.7% | 1.9% | — | |
| 31.07 02:50 | Retail Sales m/m | JPY | -1.5% | 1.9% | — | |
| 31.07 05:30 | BoJ Interest Rate Decision | JPY | 1.0% | — | ||
| 31.07 09:30 | BoJ Press Conference | JPY | — |
🎯 Key Levels (Pivot Points) British Pound vs Japanese Yen
R3
220.323
220.323
R2
219.432
219.432
R1
218.924
218.924
Pivot
218.033
218.033
S1
217.525
217.525
S2
216.634
216.634
S3
216.126
216.126
🟢 Close (218.416) above Pivot (218.033). Bulls in control on Open 30.07.2026
Latest News GBPJPY
30.07.2026
BOE Expected to Hold Rates as Energy Prices Swing (Video)
30.07.2026
British Shoppers Tap Savings Buffers to Ride Out Economic Pain
Since the pandemic, British families have been building a financial buffer for when they might need it most. That time seems to have come.
30.07.2026
Japan Earthquake Insurance Claims May Exceed $1.1 Billion, BI Estimates
Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated.
30.07.2026
Japan’s Two-Year Bond Sale Draws Weaker Demand on Rate Hike Bets
Japan’s two-year government bond auction Thursday saw lower demand than the 12-month average amid growing expectations of central bank tightening.
30.07.2026
Chubu and Tokyo Electric Slide as High Fuel Costs Curb Profits
Chubu Electric Co. and Tokyo Electric Power Co. shares fell after the Japanese utilities said their quarterly earnings were impacted by surging fuel costs, which coincided with the end of a power supply agreement.
30.07.2026
Japan’s Takaichi Calls for Food Sales Tax Cut to 1% for 2 Years
Japanese Prime Minister Sanae Takaichi has decided to temporarily cut the sales tax on food and soft drinks to 1% from April next year, a top executive in the ruling party said, in a sign the premier is moving ahead with a key pledge after months of political deadlock.
29.07.2026
BOE Set to Keep Powder Dry as Oil Prices Swing: Decision Guide
The Bank of England is set to leave interest rates on hold as it sticks to a wait-and-see approach to navigate the wild swings in oil and gas prices.
FAQ British Pound vs Japanese Yen
What is GBP/JPY (GBPJPY)?
GBP/JPY is the exchange rate between the British pound (Sterling) and the Japanese yen. It is one of the most actively traded Forex cross pairs and is well known for its high volatility.
Why is GBP/JPY called The Dragon or The Beast?
GBP/JPY earned the nicknames "The Dragon" and "The Beast" because it often experiences larger daily price movements than most other major currency pairs, creating both greater opportunities and higher risk for traders.
What moves the GBP/JPY exchange rate?
GBP/JPY is mainly driven by Bank of England and Bank of Japan policy, interest rate expectations, UK economic data, inflation, and changes in global market risk sentiment.
Why is GBP/JPY popular for carry trades?
The pair has historically been attractive for carry trade strategies because UK interest rates have often been higher than Japanese rates, allowing traders to benefit from the interest rate differential.
When is GBP/JPY most active?
Trading activity is typically highest during the London session and the London–New York session overlap, when liquidity is strongest and major UK economic data is released.
Can technical analysis be used to trade GBP/JPY?
Yes. Traders frequently use support and resistance levels, moving averages, RSI, MACD, and trend analysis, while also monitoring central bank announcements and shifts in global risk sentiment.
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