GBP/JPY
(British Pound / Japanese Yen)
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency.
GBP/JPY Market Influences
Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a represented for market ‘risk-off’ moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
Product Specifications and Information
| Product Name | GBP/JPY |
| Trading Exchange | Spot |
| leverage | up to 1:400 |
| Minimum Fluctuation | 0.001 |
| Spread | 2.7 pips |
| Lot Size | 100,000 |
| Trading Hours | Sunday 21.03 to Friday 20.58 GMT Time |