Pound Yen forecast - GBP JPY

The Pound to Yen exchange rate (GBP/JPY) spiked higher after the Bank of Japan policy decision and came close to 8-year highs above 191.00 before settling around 190.85. The Pound to Euro (GBP/EUR) exchange rate has remained in tight ranges and traded just below 1.1700 in early Europe. Markets will now be looking at the UK data and...

The Pound to Yen (GBP/JPY) exchange rate continued to make gains in Asia on Wednesday and posted 8-year highs just above the 190.0 level. The Pound retreated after the UK inflation data and markets were also wary over potential intervention to curb yen losses. Markets will be braced for high volatility if there is intervention to...

The Pound to Japanese Yen (GBP/JPY) exchange rate is edging higher today after the latest retail sales from the UK rose more than expected. At the time of writing the GBP/JPY exchange rate is trading at around 154.287 as Japanese inflation disappoints. Pound Sterling (GBP) Exchange Rate Supported by UK Retail Sales Data The Pound...

GBP/JPY Exchange Rate Rises as Japanese GDP Data Disappoints The Pound Japanese Yen (GBP/JPY) exchange rate rose today after the Japanese economy shrank more than expected because of high rates of Covid-19 in Japan earlier this year. The pairing is currently trading around ¥154.79. The Japanese Yen (JPY) suffered today after the...

GBP/JPY Exchange Rate Rangebound as Japanese Economic Optimism Returns The Pound Japanese Yen (GBP/JPY) held steady today after the Bank of Japan (BoJ) revealed that it was optimistic about Japan’s vaccine rollout. The pairing is currently trading around ¥151.92. The Japanese Yen failed to gain against the Pound today despite...

The Pound to Japanese Yen (GBP/JPY) exchange rate is edging higher today after the Bank of Japan (BoJ) kept interest rates at -0.1, as expected. At the time of writing the GBP/JPY exchange rate is trading at around 150.268 as the Pound is supported by an expected rapid UK economic recovery. Pound Sterling (GBP) Exchange Rate Supported...

Demand for the Japanese Yen has been fairly strong this week, but the British Pound to Japanese Yen (GBP/JPY) exchange rate was buoyed a little by UK data before markets closed for the week. Both currencies are benefitting from the global market outlook, but analysts predict the Pound is likely to remain broadly appealing going forward as...

Despite higher market sentiment this week, the Japanese Yen has been able to capitalise on weakness in rivals and the British Pound to Japanese Yen (GBP/JPY) exchange rate has been trending lower as a result. Investors are hesitant to buy the Pound as new uncertainties rise about the stability of UK politics with Scottish elections...

GBP/JPY Exchange Rate Rises as US Economic strength Weighs on Appeal for Japanese Yen The Pound Japanese Yen (GBP/JPY) exchange rate rose by 0.3% today as strong US economic growth has weakened demand for the Japanese currency. The pairing is currently trading around ¥150.30. Bank of Japan (BoJ) Governor Haruhiko Kuroda was optimistic...

GBP/JPY Exchange Rate Falls as UK Markets Remain Cautious The Pound Japanese Yen (GBP/JPY) exchange rate dipped this morning despite a jump in small business confidence thanks to today’s reopening on the UK’s non-essential shops. The pairing is currently trading around ¥150.25. As a result, Sterling investors are now more hopeful...