GBP/JPY Exchange rate
Editors’ Picks
EUR/USD clings to gains around 1.1200; focus is on US Midterms
EUR/USD looks to consolidate its daily gains, navigating around the 1.1200 region on Tuesday. The pair’s marginal advance comes on the back of the equally humble gains in the US Dollar, as investors remain cautious ahead of the US Midterm elections, with results expected to start emerging early on Wednesday in Europe.
GBP/USD extends the upside momentum past 1.3400
GBP/USD adds to its ongoing multi-day positive streak, managing to reclaim the area beyond 1.3400 the figure on turnaround Tuesday. Indeed, Cable’s continuation of the uptrend follows the Greenback’s inconclusive price action as the US Midterm elections are under way, while bets for a rate hike by the BoE on Thursday also underpins the upbeat tone.
AUD/USD weakens to two-week lows near 0.6960
AUD/USD clinches its second consecutive daily pullback as market participants continue to assess the RBA’s rate hike earlier in the day. Indeed, the pair slipped back toward the 0.6960 zone, or multi-day troughs, following the less-hawkish-than-expected message from the RBA after it hiked the OCR by 25 bps, as widely anticipated.
Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital
Bitcoin trades downward at $76,566 on Tuesday, testing six-week lows. Ethereum, like Bitcoin, trades under pressure as it consolidates within a narrow support range. Meanwhile, Ripple hovers marginally above $1.25.
US Dollar Index edges up within range with midterm elections front and centre
The US Dollar Index is picking up from session lows but remains within previous ranges, below 102.00. The Greenback is drawing support from hostilities in Iran and higher Oil prices, but US political uncertainty is capping gains.
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, 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.