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 Today
◦ GBP/JPY surged to highest since 2008, reaching 219.59 in mid-July
◦ That's a rates story: UK interest rate yields far exceed those of Japan
◦ Context: Japan's chronically low interest rates environment is a fundamental headwind to JPY
◦ Also, JPY has underperformed alongside fellow low-yielder the Swiss franc since outbreak of conflict in Middle East
◦ Recent deterioration and closure of Strait of Hormuz therefore a significant JPY headwind
◦ Short-term: GBP complex is paring recent advances, allowing JPY a comeback
◦ But weakness expected to be shallow
◦ Traders continue to defy warnings from Japanese authorities about guarding against JPY weakness
◦ But ultimately intervention has achieved little and is proving costly
| One Week | 213.0713 |
| One Month | 212.6324 |
| Three Months | 211.654 |
| Six Months | 210.1034 |
| One Year | 207.2219 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Fri 7 Aug | 213.1900 | 212.8960 | 213.2650 | 211.4720 | 213.0430 |
| Thu 6 Aug | 212.4800 | 213.1890 | 213.3060 | 212.2320 | 212.8345 |
| Wed 5 Aug | 212.1900 | 212.4800 | 212.5550 | 211.7090 | 212.3350 |
| Tue 4 Aug | 211.1330 | 212.1920 | 212.3330 | 211.0410 | 211.6625 |
| Mon 3 Aug | 211.9770 | 211.1340 | 212.9850 | 209.5890 | 211.5555 |
Pound to Japanese Yen Forecast: 211.65 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 212.63, according to market-implied pricing. In three months, the rate is expected to be at 211.65. In six months the projected rate is at 210.10. In one year the rate is expected to be at 207.22.
Quarterly GBP/JPY targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more — updated weekly.