Convert GBP to JPY - British pound sterling to Japanese yen Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE GBP/JPY EXCHANGE RATE
The GBP/JPY, also known as Geppy or the Beast, is a highly volatile but important currency pair as far as forex traders are concerned. Trading the Pound Sterling against the Japanese yen, this pair is a close one to watch to gauge the economic health and monetary policies in two key markets - the UK and Western Europe as well as Japan and Asia Pacific.A highly volatile pair, GBP/JPY offers great potential for profits but it also comes with high risks and may not be a great forex pair for newbie traders. Unlike the majors, the Beast can see high levels of price action on the release of market moving events, and can offer traders ample opportunities to earn many pips, if traded carefully.Like most other forex pairs, GBP and JPY's exchange rate is also influenced by key economic events, political developments and central bank decisions on monetary policy and stimulus. In addition, this pair also sees significant movement when energy commodities' prices turn volatile, as the UK is a leading exporter of crude oil while Japan is one of the top energy consumers in the world.Trading the Geppy requires quite a bit of expertise in understanding charts and indicators while coming up with a reliable trade plan. Pound Sterling to Japanese yen offers one of the highest risk/reward opportunities in the forex market and while an effective trading strategy can help traders reap high profits, unexpected volatility can also turn trades towards steep losses just as quickly.
GBP to JPY CONVERSION RATES
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JPY
<% amount * currencies.converter.rate |toFixed: 4 %> JPY
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<% amount / currencies.converter.rate |toFixed: 4 %> GBP
GBP to JPY CHARTS
GBP/JPY Live Chart
GBP/JPY Historical Chart
GBP to JPY EXCHANGE RATE - FAQ
What other forex pairs is GBP/JPY correlated with?

GBP/JPY enjoys a positive correlation with GBP/USD, EUR/USD and even AUD/USD. On the other hand, the pair shares a negative correlation with USD/JPY, USD/CHF and USD/CAD.

What are some effective strategies that can help trade GBP/JPY?

Monitoring support and resistance levels regularly to find opportunities for a breakout is one effective way to formulate a trade plan for the Beast. A scalping strategy that requires close analysis of EMAs to identify uptrends and downtrends can also help before placing trades in GBP/JPY. A steep angle in an uptrend or downtrend is indicative of high price action and is a good time to enter trades in this currency pair.

How volatile are GBP and JPY?

On average, GBP/JPY exhibits movement of around 130 pips.