GBP/JPY Exchange rate
Editors’ Picks
USD/JPY turns lower to near 157.50 amid subdued USD
USD/JPY turns lower to near 157.50 in Asia on Wednesday, despite the release of hawkish BoJ June meeting Minutes and rising Japanese wages. A broadly subdued US Dollar, amid US-Iran peace deal hopes, weighs on the pair amid looming intervention risks.
AUD/USD eases from two-month highs above 0.7050 after weak China's PMI
AUD/USD is seeing fresh selling pressure, easing from two-month highs near 0.7055 in the Asian session on Wednesday, following the release of weak Chinese RatingDog Services PMI for July. The pair also faces headwinds from a modest uptick in the US Dollar amid hawkish Fed commentary and US-Iran uncertainty. Mideast headlines and US ISM Services PMI remain in focus today.
Gold retakes $4,100, cheers US-Iran peace deal progress
Gold is catching a fresh bid, retaking $4,100 in the Asian session on Wednesday. Optimism over a potential US-Iran peace deal and the full reopening of the Strait of Hormuz keep the US Dollar undermined, helping the bullion to resume its previous rebound ahead of US ISM Services PMI data.
Ethereum holds steady below $1,900 as retail distribution rises
RBI set to keep interest rates unchanged as inflation risks persist
The Reserve Bank of India is set to announce its bi-monthly monetary policy decision on Wednesday at 10:00 AM IST (04:30 GMT), another meeting coming at a time when uncertainty remains high over the duration and economic fallout of the ongoing Middle East conflict.
Majors
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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, Andrew Burnham,who took office in July 2026 after succeeding Keir Starmer as Labour leader and Prime Minister
- Japanese Government and its prime minister Sanae Takaichi , who replaced Shigeru Ishiba in October 2025.