GBP/JPY Exchange Rate (Pound to Japanese Yen)
Live GBP/JPY exchange rate with intraday chart, daily statistics, forecasts and latest news.
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What's Driving GBP/JPY
- ๐ฏ๐ต GBP/JPY has been dragged to a 2026 low by a yen trading on rate expectations that leave little room for disappointment
- GBP/JPY printed a 2026 low at 207.00 in the week of 8 September before steadying near 208.20, close to 4% lower since 1 September
- The break took out the 27 February low and confirmed the move through the 209.20 neckline of the summer head and shoulders pattern
- GBP/JPY's daily RSI near 26 is oversold, which argues for corrective bounces without changing the direction of travel
- USD/JPY fell to 152.89 at its weakest since February, and that is what has dragged this pair lower
- Markets price an 80% chance of a Bank of Japan rate rise on 18 September, hardened by July nominal wage growth of 4.7% year-on-year, the fastest since 1997
- Brown Brothers Harriman reads the yen rally as flow driven, supported by GPIF repatriation and an unwind of speculative short yen positions
- ING judges the move to lean on optimistic assumptions but calls it risky to fight, naming 152.00 as the next support in USD/JPY
- Bank J. Safra Sarasin cautions that the yen's rebound is built on shaky ground, citing strong US data, high energy prices and questions over Japanese debt sustainability
- Medium-term: a 25bp Bank of Japan rise on 18 September alongside a Federal Reserve hold would put the 200 handle in view, untraded since January 2025
For the latest analysis visit the JPY News Hub โ
| One Week | 208.5165 |
| One Month | 208.189 |
| Three Months | 207.2088 |
| Six Months | 205.6617 |
| One Year | 202.459 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Fri 11 Sep | 208.6670 | 207.7580 | 208.9170 | 207.3170 | 208.2125 |
| Thu 10 Sep | 208.0070 | 208.6650 | 208.8840 | 207.7710 | 208.3360 |
| Wed 9 Sep | 208.5170 | 208.0060 | 208.5210 | 207.4100 | 208.2615 |
| Tue 8 Sep | 208.9940 | 208.5160 | 209.0830 | 207.1080 | 208.7550 |
| Mon 7 Sep | 210.7380 | 208.9940 | 211.2100 | 208.6560 | 209.8660 |
| Fri 4 Sep | 210.7190 | 211.2210 | 211.8090 | 209.7930 | 210.9700 |
| Thu 3 Sep | 214.0340 | 210.7180 | 214.3220 | 209.9700 | 212.3760 |
| Wed 2 Sep | 216.4980 | 214.0360 | 216.5890 | 213.7230 | 215.2670 |
| Tue 1 Sep | 216.4430 | 216.4970 | 216.8310 | 216.3540 | 216.4700 |
Pound to Japanese Yen Forecast: 207.21 in Three Months
These predictions are based on the forward points being traded in currency markets. These contracts are widely used by businesses, investors, and financial institutions for hedging or speculative purposes. The pricing of forwards provides valuable insights into market expectations for the future direction of currency pairs.
In one month the Pound-Japanese Yen exchange rate is forecast to be at 208.19, according to market-implied pricing. In three months, the rate is expected to be at 207.21. In six months the projected rate is at 205.66. In one year the rate is expected to be at 202.46.
Quarterly GBP/JPY targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more โ updated weekly.