GBP/JPY

GBP/JPY is the forex ticker for the currency pair representing the British pound sterling and the Japanese yen. The pound sterling is listed first as the base currency, so the value of GBP/JPY tells you how many Japanese yen it takes to buy one British pound.

A popular time to trade GBP/JPY is when both the London and Tokyo sessions overlap, between 8am and 9am GMT.

Like other pairs that include the Japanese yen as the quote currency, the pair’s value is often above 100, meaning pip values are at the second decimal point instead of the fourth.