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country currency pairs gbpjpy

Great Britain Pound vs Japanese Yen

Great Britain Pound vs Japanese Yen (GBPJPY)

The GBPJPY currency pair represents the exchange rate between the British Pound GBP and the Japanese Yen JPY. It’s a popular and highly traded pair in the forex market.

-.-- -.--%
Annual change
-.--%
All time High / Low
121.54 / 208.108
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
186.657
High
187.063

GBPJPY Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: 7.12
  • Swap Short: -37.6
  • Margin Group: FX Majors
  • Margin Currency: GBP
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of GBPJPY

The history of the GBPJPY currency pair reflects the economic and financial interactions between the United Kingdom and Japan. Over time, this pair has witnessed notable fluctuations influenced by various factors, including changes in economic policies, interest rates, geopolitical events, and global market sentiment. Both the UK and Japan are major players in the global economy, each with unique strengths and challenges, contributing to the dynamics of the GBPJPY exchange rate. Traders and investors closely monitor this pair for insights into the relative strength of the British Pound and the Japanese Yen, making it a significant component of the forex market, especially for those seeking opportunities in a volatile trading environment.

currency pair gbpjpy

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Frequently Asked Questions

GBPJPY is a forex currency pair that represents the exchange rate between the British Pound (GBP) and the Japanese Yen (JPY). In this pair, GBP is the base currency, and JPY is the quote currency. It tells you how much one British Pound is worth in Japanese Yen. Traders and investors use GBPJPY to assess the relative strength of these two currencies and make informed decisions in the forex market based on economic, political, and global market factors impacting the United Kingdom and Japan. Due to its volatility, GBPJPY is often favored by traders seeking opportunities in the forex market.

To trade the GBPJPY pair, you need to open a trading account. Conduct market analysis to understand the factors influencing GBPJPY, such as economic data, interest rate differentials, and geopolitical events. Use technical analysis tools to identify potential entry and exit points based on price chart patterns and indicators. Determine your trading strategy and set your risk tolerance and profit targets. Place your trade by specifying the GBPJPY pair, trade direction, desired trade size, and relevant parameters. Monitor your trade, set stop-loss and take-profit levels to manage risk, and stay updated with market news. Regularly review and analyze your trading performance to improve your approach.

The trading hours for GBPJPY can be found here

Some popular trading strategies for the GBPJPY pair include trend following, breakout trading, range trading, news trading, and carry trading. Trend following strategies involve identifying the direction of the trend using moving averages or trendlines. Breakout trading focuses on trading when the price breaks out of key support or resistance levels. Range trading involves buying near the range’s bottom and selling near the top, anticipating the currency pair to continue trading within the established range. News trading involves reacting to economic news releases and their impact on GBPJPY. Carry trading takes advantage of interest rate differentials between the two currencies. It’s important to carefully analyze the market and consider risk tolerance before implementing any strategy. Consider seeking guidance from experienced traders or financial advisors.

When trading the GBPJPY pair, consider several factors that can influence its movements. First, analyze economic indicators and events from both the United Kingdom and Japan, including GDP, employment data, inflation rates, and central bank policies. Pay attention to geopolitical developments and trade relations, as these can affect market sentiment. Be aware that GBPJPY tends to be volatile, so effective risk management is crucial. Use stop-loss and take-profit orders to protect your capital. Finally, keep an eye on broader market sentiment and global economic trends, as they can impact the pair’s movements. Staying informed and conducting thorough analysis is essential for successful trading in GBPJPY.