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Prices are our trading platform's bid for GBPJPY. Times are server time, New York + 7 hours (GMT+2 now). Past performance is not a reliable indicator of future results.
The spread when you open, shown live above, and a swap for each night the position stays open. Spreads widen around news and at low liquidity.
Read from our trading platform daily. The specification in MetaTrader 5 always prevails.
Server time is New York time + 7 hours.
The change in each calendar month, from our platform's month-end closing prices (bid). Our history for this instrument starts in November 2021.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.34% | −0.65% | −0.24% | +1.48% | +0.60% | +0.59% | −1.47% | +1.90% | −3.52% | +1.05% | +0.61% | |
| 2025 | −2.24% | −1.48% | +2.22% | −1.54% | +1.65% | +2.03% | +0.67% | −0.23% | +0.11% | +1.86% | +2.02% | +2.17% |
| 2024 | +3.78% | +1.58% | +0.89% | +3.19% | +1.67% | +1.51% | −5.22% | −0.43% | +0.06% | +2.08% | −2.79% | +3.17% |
| 2023 | +1.06% | +2.13% | +0.08% | +4.49% | +1.28% | +5.69% | −0.32% | +1.01% | −1.18% | +1.06% | +1.56% | −4.00% |
| 2022 | −0.57% | −0.36% | +3.64% | +2.21% | −0.75% | +1.90% | −1.74% | −0.54% | +0.04% | +5.61% | −2.46% | −4.69% |
| 2021 | −3.61% | +3.49% | ||||||||||
| Average | +0.47% | +0.24% | +1.32% | +1.97% | +0.89% | +2.34% | −1.62% | +0.34% | −0.90% | +2.33% | −1.06% | +0.03% |
| Months higher | 3/5 | 2/5 | 4/5 | 4/5 | 4/5 | 5/5 | 1/5 | 2/5 | 3/5 | 5/5 | 2/5 | 3/5 |
Month to date · Past performance is not a reliable indicator of future results.
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GDP MoMGBP
Nov 12, 09:00 · Forecast -0.1% · Previous 0.1%
GDP Growth Rate QoQ PrelGBP
Nov 12, 09:00 · Forecast 0.7% · Previous 0.4%
GDP Growth Rate YoY PrelGBP
Nov 12, 09:00 · Forecast 1.9% · Previous 1.2%
GDP Growth Rate QoQ PrelJPY
Nov 16, 01:50 · Forecast 0.1% · Previous 0.3%
Unemployment RateGBP
Nov 17, 09:00 · Previous 4.7%
Balance of TradeJPY
Nov 18, 01:50 · Previous -¥556.5B
High-impact releases for GBP, JPY over the next 7 days, in server time (GMT+2). Dots on the 1D and 5D charts mark recent releases.
GBP/JPY is a minor forex pair that combines the British Pound and the Japanese Yen, two of the world's most liquid and stable currencies. This pair typically trades with significant daily volume and attracts traders seeking exposure to both the UK economy and Japanese monetary policy. The pair is known for its volatility, especially during UK and Japanese economic announcements, making it popular among swing and intraday traders.
GBP/JPY price movements are driven by interest rate differentials between the Bank of England and the Bank of Japan, UK and Japanese economic data, geopolitical risk sentiment, and carry trade dynamics. When the BoE raises rates while the BoJ maintains accommodation, the pair tends to strengthen. Safe-haven flows and risk appetite shifts also influence the yen significantly, creating opportunities for directional and range-trading strategies.
At GCC Brokers, GBP/JPY is available with automatic execution and no manual intervention. Trade on both Zero and Standard accounts; GCC Brokers Limited is regulated by the FSC Mauritius. Our platform delivers consistent execution and variable spreads for this dynamic minor pair.
GBP/JPY trades 24 hours a day, five days a week. It is usually most active during the London and Tokyo sessions. The exact hours, in server time, are in the specifications above.
Spreads are variable and depend on market conditions and your account. Standard and Pro have no commission, and Pro has tighter spreads; Zero has raw spreads plus a commission. The live spread is shown on this page.
GBP/JPY is primarily influenced by interest rate differentials between the Bank of England and Bank of Japan, UK and Japanese economic data (GDP, inflation, employment), and risk sentiment. Safe-haven flows push the yen higher during market stress, while risk appetite strengthens the pound. Geopolitical developments and central bank communications also play a significant role.
Yes, GBP/JPY can be attractive for carry traders when the interest rate differential widens, particularly when the BoE maintains higher rates than the BoJ. However, the pair's volatility can erode carry gains during risk-off periods, so position sizing and risk management are essential. Traders should monitor central bank policy shifts and safe-haven demand carefully.
Orders on GBP/JPY are executed automatically, with no manual intervention and no requotes. GCC Brokers Limited is regulated by the FSC Mauritius.
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Prices stream from our trading platform. Pro and Zero accounts are priced differently; see trading costs below.
