GBP/JPY Trading Positions

GBP/JPY

The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Dollar (the base currency). It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading.


Important assets for GBP/JPY

  • Currencies: USD and EUR.
  • Commodities: Oil.
  • Bonds: Gilt (debt securities issued by the Bank of England), GJGB10 (Japan Generic Govt 10Y Yield) and T-Note (Treasury Note, a marketable U.S. government debt security).
  • Indices: FTSE 100 (share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization), Nikkei 225 (stock market index for the Tokyo Stock Exchange), Dow Jones (DJIA, Dow Jones Industrial Average, an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market).

HISTORIC HIGHS AND LOWS FOR GBP/JPY

  • All-time records: Max: 1014.000 on 01/01/1963 - Min: 116.853 on 19/09/2011
  • Last 5 years: Max: 195.843 on 18/06/2015 - Min: 124.78 on 26/09/2016

* Data as of February 2020

ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE GBP/JPY

The organizations and people that affect the most the moves of the GBP/JPY pair are:

  • Bank of England (BoE) and its Governor, Andrew Bailey. It acts as the government's bank and the lender of last resort. It issues currency and, most importantly, it oversees monetary policy (including interest rates).

  • Bank of Japan (BoJ) that issues statements and decides on the interest rates of the country. Its Governor is currently Haruhiko Kuroda.
  • UK Government and its Prime Minister, Boris Johnson.
  • Japanese Government and its Prime Minister Shinzō Abe, responsible of the so-called “Abenomics” economic policies which are based upon "three arrows" of fiscal stimulus, monetary easing and structural reforms.
  • UK GDP (Gross Domestic Product), the total market value of all final goods and services produced in a country. It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing.

Currency Trading Positions

The purpose of the Trading Positions table is to provide a glance of GBP/JPY as to where our dedicated contributors are currently positioned. You can access the original analysis reports by clicking on each position.