GBP/JPY

Trading specs, live price, historical rates, and upcoming economic events for GBP/JPY.

●GBP/JPY data refreshes every 5 min

minor · GBP/JPY

209.4850+0.04%

Spread: 0.0 pips · 24h range: 0.7510

Trading Specs

Contract Size
100,000
Tick Size
0.01
Pip Value (1 lot)
$477.36
Margin Rate
3.33%
Min Lot
0.01

Market Profile

24h High
209.7250
24h Low
208.9740
Volume 24h
0
Best Sessions
London, Tokyo

About GBP/JPY

GBP/JPY, nicknamed the Dragon, is one of the most volatile cross pairs in forex. It combines Cable's inherent jumpiness with the yen's sensitivity to risk flows, producing daily ranges that routinely exceed 100-150 pips. The pair is a favorite among experienced traders who thrive on momentum and wider swings. Key drivers include Bank of England policy, UK economic releases, and the BOJ's stance on yield curve control. The pair's tendency for sharp trend moves followed by sudden reversals around round numbers (e.g. 180.00, 185.00) creates both opportunity and risk - stops that are too tight get hit frequently. GBP/JPY volume is highest during the London morning and the Tokyo-London handover. Traders should watch for gap risk at the weekly open, as weekend UK political developments can cause large Sunday moves.

Historical Rates - Last 7 Days

DateCloseChange
2026-10-06208.4110-0.27%
2026-10-07208.8900+0.23%
2026-10-08208.8010-0.04%
2026-10-09210.0170+0.58%
2026-10-10208.8670-0.55%
2026-10-11209.0880+0.11%
2026-10-12209.4850+0.19%

See full price history on the historical rate lookup tool.

Upcoming Economic Events

  • Oct 12
    GBPBRC Retail Sales Monitor YoY
    Med
  • Oct 14
    GBPBoE Gov Bailey Speech
    Med
  • Oct 14
    JPYMachinery Orders MoM
    Med
  • Oct 14
    JPYMachinery Orders YoY
    Med
  • Oct 15
    JPYBoJ Koeda Speech
    Med
  • Oct 15
    GBPGDP MoM
    Med
  • Oct 15
    GBPGDP 3-Month Avg
    Med
  • Oct 15
    GBPManufacturing Production MoM
    Med

See all events on the economic calendar.

Frequently Asked Questions

What is the pip value for GBP/JPY?

One standard lot (100,000 units) on GBP/JPY has a pip value of approximately $477.36. The minimum price increment (tick) is 0.01. A pip is typically the second decimal place for this pair, meaning 1 pip = 0.01 for yen pairs.

What time is GBP/JPY most active?

GBP/JPY sees its highest trading volume during the London and Tokyo sessions. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.

What economic events affect GBP/JPY most?

The most impactful events for GBP/JPY come from the GBP and JPY economies. Bank of England MPC votes, UK CPI, and monthly GDP estimates are the pound's primary catalysts. UK political events and fiscal policy announcements can also produce sharp moves. Bank of Japan policy decisions, including any changes to yield curve control, are the yen's highest-impact events. Japan's Tankan business survey and GDP data also matter. The upcoming events section above lists the specific releases scheduled in the next two weeks.

GBP pairs

JPY pairs