GBP to JPY Exchange Rate
LIVEBritish Pound to Japanese Yen
Currency Converter
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Exchange rate: 1 GBP = 187.00 JPY (approximate)
About GBP/JPY
The GBP/JPY currency pair represents the exchange rate between the British Pound Sterling and the Japanese Yen, often called "the Geppy" or "the Dragon" due to its volatility. This is a highly liquid cross currency pair popular among traders seeking larger price movements. The pair is influenced by Bank of England and Bank of Japan monetary policies, UK and Japanese economic data, interest rate differentials, Brexit developments, and global risk sentiment. GBP/JPY is known for its wide daily ranges and is favored by day traders and swing traders.
Quick Facts
Currency Pair:
GBP/JPY
Base Currency:
British Pound (GBP)
Quote Currency:
Japanese Yen (JPY)
Central Banks:
BoE & Bank of Japan
Trading Hours:
24/5 (Forex Market)
Frequently Asked Questions
What does GBP/JPY mean?
GBP/JPY is the value of one British Pound quoted in Japanese Yen. The Pound (managed by the Bank of England) is the base currency and the Yen (managed by the Bank of Japan) is the quote currency. It is a cross pair, since it does not involve the US Dollar.
What moves the GBP/JPY exchange rate?
Interest-rate and policy differences between the Bank of England and the Bank of Japan are the core drivers. The Yen's status as a safe-haven currency makes the pair sensitive to global risk sentiment, and carry-trade flows mean GBP/JPY is known for sizeable, sometimes volatile moves.
When is the best time to trade GBP/JPY?
Movement tends to pick up during the London session and around the overlap with Asian trading hours. Because both currencies float, the rate changes continuously while markets are open, and the pair's wide swings make session timing especially relevant.