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
2026-07-29
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
218.512
218.512
R2
218.242
218.242
R1
217.967
217.967
Pivot
217.697
217.697
S1
217.422
217.422
S2
217.152
217.152
S3
216.877
216.877
🔴 Close (217.692) below Pivot (217.697). Bears in control on Open 29.07.2026
Latest News GBPJPY
29.07.2026
Japan’s GPIF Boosts JGB Expertise by Employing Active Bond Funds
Japan’s Government Pension Investment Fund hired active domestic bond funds for the first time in five years, a recognition that one of the world’s biggest retirement money managers needs to increase its expertise to deal with volatility in the nation’s debt market.
28.07.2026
Forex Forecasts – US Dollar Flexes Strength Across EUR/USD, GBP/USD, and USD/CHF
The US dollar continues to flex its muscles early on Tuesday.
28.07.2026
Boeing (NYSE:BA) Posts Better-Than-Expected Sales In Q2 CY2026
Boeing (NYSE:BA) Posts Better-Than-Expected Sales In Q2 CY2026
28.07.2026
Nasdaq Futures Slump as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap
September Nasdaq 100 E-Mini futures (NQU26) are down -0.80% this morning as a selloff in chip stocks deepened.
28.07.2026
US Dollar Price Forecast: Fed, GDP and PCE Data in Focus – What’s Next for DXY, GBP/USD and EUR/USD?
The Fed meeting, GDP, PCE inflation and payrolls could drive major forex moves this week. Explore the latest outlook for DXY, EUR/USD and GBP/USD.
28.07.2026
Japan’s Tax Panel Chair Reiterates Proposal for 1% Food Levy
Japan should cut the sales tax on food and drinks to 1% and use cash handouts to offset the remaining 1 percentage point, the chair of a cross-party panel on the issue reiterated after the group failed to reach a consensus.
28.07.2026
Japan Earthquake Leaves 13 Dead
Rescuers continued the hunt for survivors in the ruins of a shopping mall on the southwestern island of Kyushu on Wednesday, after a major earthquake in which 13 people have been confirmed dead so far. (Source: Bloomberg)
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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