GBP/JPY Exchange rate
Editors’ Picks
EUR/USD holds steady near 1.1750 on first trading day of 2026
EUR/USD stays calm on Friday and trades in a narrow channel at around 1.1750 as trading conditions remain thin following the New Year holiday and ahead of the weekend. The economic calendar will not feature any high-impact data releases.
GBP/USD struggles to gain traction, stabilizes above 1.3450
After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and moves sideways above 1.3450 as market participants remain in holiday mood.
Gold climbs toward $4,400 following deep correction
Gold reverses its direction and advances toward $4,400 after suffering heavy losses amid profit-taking before the New Year holiday. Growing expectations for a dovish Fed policy and persistent geopolitical risks seem to be helping XAU/USD stretch higher.
Cardano gains early New Year momentum, bulls target falling wedge breakout
Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.
Economic outlook 2026-2027 in advanced countries: Solidity test
After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.
Majors
Cryptocurrencies
Signatures
GBP/JPY
The GBP/JPY pair indicates how many Japanese Yen (JPY) are required to purchase one British Pound (GBP). It is often referred to as a “carry currency cross”, meaning it is commonly used as a vehicle for carry trading, a popular trading strategy. A carry trade involves selling or borrowing an asset with a low interest rate to invest in another asset with a higher interest rate, aiming to profit from the underlying interest rate difference. This strategy is widely used in the foreign exchange (Forex) market.
HISTORIC HIGHS AND LOWS FOR GBP/JPY
- All-time records: Max: 1,014.00 on 01/01/1963 - Min: 116.85 on 19/09/2011
- Last 5 years: Max: 208.11 on 05/07/2024 - Min: 124.07 on 13/03/2020
* Data as of December 2024
ASSETS THAT INFLUENCE GBP/JPY THE MOST
The GBP/JPY pair can also be impacted by:
- Currencies: The US Dollar (USD) and the Euro (EUR). This group also includes the following currency pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD, USD/CAD and EUR/JPY.
- Commodities: Oil.
- Bonds: Gilt (debt securities issued by the Bank of England), GTJPY10Y (Japan government 10-year bond) and T-Note (Treasury Note, a marketable US government debt security).
- Indices: FTSE 100 (a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization), Nikkei 225 (a stock market index for the Tokyo Stock Exchange) and Dow Jones (DJIA or Dow Jones Industrial Average, an index tracking the performance of 30 large publicly-owned companies during a standard trading session).
INFLUENTIAL ORGANIZATIONS AND PEOPLE FOR THE GBP/JPY
The organizations and people that affect the most the moves of the GBP/JPY pair are:
- Bank of England (BoE). It is the central bank of the United Kingdom (UK). Known as ‘The old lady of Threadneedle Street’, is responsible for maintaining the UK’s economic stability. It operates monetary policy by adjusting the Bank Rate and, in certain circumstances, supplements this with measures such as quantitative easing. Andrew Bailey has been the Governor of the BoE since March 2020 and his appointment ends on March 2028.
- Bank of Japan (BoJ). It is the central bank of Japan. The BoJ sets monetary policy in the country and its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%. Kazuo Ueda is the 32nd and current Governor of the BoJ. He is widely regarded as an expert on monetary policy but was considered a surprise appointment by analysts. Ueda is the first academic economist to lead the BoJ in the post-World War II era.
- UK Government and its prime minister, Keir Starmer, who took office on July 2024, becoming the first Labour prime minister since Gordon Brown in 2010 and the first one to win a general election since Tony Blair in 2005.
- Japanese Government and its prime minister Shigeru Ishiba, who replaced Fumio Kishida in October 2024.