What is GBP/JPY?

GBP/JPY. The British Pound (GBP) against the Japanese Yen (JPY) pair denotes how many Yen are needed to purchase one Pound Sterling. GBP/JPY is a pair widely followed by scalpers and forex day traders. Day traders love the wide and volatile swings the pair tends to make on a day by day basis.

What is the British pound (GBP) vs Japanese yen (JPY)?

The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health.

Is gbpjpy chart good for Forex trading?

Real time GBPJPY chart for trading forex. This is a bit of a beast of a mover, and can be very risky if you don't know what you are doing. Be careful with GBPJPY when trading forex. Learn more on Forex..

Is GBP/JPY net long in 2023?

Last Updated: Feb 8, 2023 GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Jan 20, 2023 when GBP/JPY traded near 160.62. The gold price has mostly ignored the turmoil of US Dollar movements upending other markets this week as the Federal Reserve’s rate path provides the impetus for volatility.