Pound to Japanese Yen Forecast and Live Exchange Rate

The pound to japanese yen forecast from investment banks and market pricing, with the live GBP/JPY rate, charts and daily analysis

Live Rate
1 GBP = 210.0930 JPY ▲ +0.0300%
High 210.1840
Low 209.9130
Open 210.0220
Prev. Close 210.0210
Source: Barchart.com · 15-min delay
One Week
+0.48%
210.8990 H · 209.5270 L
One Month
-2.99%
216.8310 H · 205.9260 L
One Year
+0.90%
219.6120 H · 205.9260 L
Best Transfer Rate
209.3577
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Updated

What's Driving GBP/JPY

By Gary Howes, Editor

  • 🇯🇵 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 →

GBP/EUR GBP/USD GBP/AUD GBP/NZD GBP/CAD GBP/JPY GBP/CHF
GBP/JPY Forward Forecasts
One Week209.9082
One Month209.5453
Three Months208.5124
Six Months207.0744
One Year203.9339
Forward-point forecasts based on market pricing. Not investment advice. For bank and analyst consensus, see the GBP/JPY Forecast page.
See the full GBP/JPY forecast →
Latest GBP/JPY News More news →
8 Sep Why JPY Gains are the Talk of the Town
2 Jul Japanese Yen Bear Trap Springs Shut as Tokyo Finally Strikes
1 Jul Yen Nearing Critical Levels: Crédit Agricole
16 Jun Why the Yen Isn't Stronger Following Historic Rate Hike
15 May Yen Forecasts Cut as RBC Says Fundamentals Still Point to Weakness
More GBP/JPY news →
Daily Pound to Japanese Yen Statistics
Select month:
DateOpenCloseHighLowMid
Wed 23 Sep210.0220210.0930210.1840209.9130210.0575
Tue 22 Sep210.3870210.0210210.8990209.5270210.2040
Mon 21 Sep209.7590210.3880210.7680209.6910210.0735
Fri 18 Sep208.3500210.1390211.2810208.2560209.2445
Thu 17 Sep209.1300208.3490209.1840207.8810208.7395
Wed 16 Sep209.0330209.1300209.4730208.3640209.0815
Tue 15 Sep208.3610209.0320209.2280208.2560208.6965
Mon 14 Sep205.9260208.3600208.7710205.9260207.1430
Fri 11 Sep208.6670207.7580208.9170207.3170208.2125
Thu 10 Sep208.0070208.6650208.8840207.7710208.3360
Wed 9 Sep208.5170208.0060208.5210207.4100208.2615
Tue 8 Sep208.9940208.5160209.0830207.1080208.7550
Mon 7 Sep210.7380208.9940211.2100208.6560209.8660
Fri 4 Sep210.7190211.2210211.8090209.7930210.9700
Thu 3 Sep214.0340210.7180214.3220209.9700212.3760
Wed 2 Sep216.4980214.0360216.5890213.7230215.2670
Tue 1 Sep216.4430216.4970216.8310216.3540216.4700
Mon 31 Aug216.7240216.4440216.8480216.0880216.5840
Fri 28 Aug216.6400216.6420217.0480216.3660216.6410
Thu 27 Aug216.6060216.6410216.7680216.2750216.6235
Wed 26 Aug217.2900216.6110217.3640216.5440216.9505
Tue 25 Aug216.8770217.3020217.4730216.8000217.0895
Mon 24 Aug216.5570216.8750217.1720216.5570216.7160
Fri 21 Aug216.8080216.9080217.1110216.4600216.8580
Thu 20 Aug215.1930216.8100216.9030215.0620216.0015
Wed 19 Aug215.9880215.1930216.0920214.8400215.5905
Tue 18 Aug215.9550215.9870216.2210215.8630215.9710
Mon 17 Aug215.5640215.9550216.1580215.4140215.7595
Fri 14 Aug215.1230215.6060215.8950214.8870215.3645
Thu 13 Aug215.1480215.1230215.1860214.7900215.1355
Wed 12 Aug215.1800215.1490215.3840214.5500215.1645
Tue 11 Aug215.1780215.1790215.2280214.7690215.1785
Mon 10 Aug212.9910215.1780215.2410212.7690214.0845
Fri 7 Aug213.1900212.8960213.2650211.4720213.0430
Thu 6 Aug212.4800213.1890213.3060212.2320212.8345
Wed 5 Aug212.1900212.4800212.5550211.7090212.3350
Tue 4 Aug211.1330212.1920212.3330211.0410211.6625
Mon 3 Aug211.9770211.1340212.9850209.5890211.5555
Fri 31 Jul214.7840212.2610216.3220212.2480213.5225
Thu 30 Jul218.4680214.7840218.6820212.3730216.6260
Wed 29 Jul217.7610218.4700218.5540217.1710218.1155
Tue 28 Jul217.5890217.7590217.9960217.5340217.6740
Mon 27 Jul218.2420217.5880218.5260217.4820217.9150
Fri 24 Jul218.1690218.3020218.4780217.9740218.2355
Thu 23 Jul218.2230218.1680218.6130217.9740218.1955
Wed 22 Jul218.2740218.2220218.4200217.8380218.2480
Tue 21 Jul218.2420218.2730218.7320217.5290218.2575
Mon 20 Jul218.3740218.2440218.8350218.0470218.3090
Fri 17 Jul218.8700218.4790218.9490218.0020218.6745
Thu 16 Jul219.6000218.8710219.6010218.6770219.2355
Wed 15 Jul217.2840219.6000219.6120216.9740218.4420
Tue 14 Jul216.8220217.2860217.3810216.7090217.0540
Mon 13 Jul217.9170216.8210217.9170216.5260217.3690
Fri 10 Jul217.7230216.7010217.8070216.4710217.2120
Thu 9 Jul217.7270217.7240218.0060217.4000217.7255
Wed 8 Jul216.5570217.7300217.8330216.3130217.1435
Tue 7 Jul217.0380216.5550217.2160216.3840216.7965
Mon 6 Jul215.3910217.0370217.1560215.3360216.2140
Fri 3 Jul215.0370215.4530215.5260214.7220215.2450
Thu 2 Jul215.8580215.0380216.0740214.6390215.4480
Wed 1 Jul215.5990215.8590215.9430215.1200215.7290
Tue 30 Jun214.7090215.5980215.7650214.2260215.1535
Mon 29 Jun213.6960214.7100214.7750213.4080214.2030
Fri 26 Jun213.4300213.4640213.8110213.2190213.4470
Thu 25 Jun213.0630213.4300213.7290212.8170213.2465
Wed 24 Jun213.3360213.0630213.5050212.5510213.1995
Tue 23 Jun214.1060213.3370214.2090212.9850213.7215
Mon 22 Jun213.2390214.1060214.6730212.8900213.6725
Fri 19 Jun213.1060213.4660213.5550212.4670213.2860
Thu 18 Jun213.5790213.1050214.0610212.4570213.3420
Wed 17 Jun215.4420213.5800215.4590213.2230214.5110
Tue 16 Jun215.0620215.4380215.5550214.5290215.2500
Mon 15 Jun213.0880215.0630215.3730213.0780214.0755
Fri 12 Jun214.6000214.8060215.0210214.5280214.7030
Thu 11 Jun214.6380214.5980214.9440213.8790214.6180
Wed 10 Jun214.5550214.6390215.2300214.3840214.5970
Tue 9 Jun213.6680214.5570214.7940213.5000214.1125
Mon 8 Jun213.6250213.6690214.0470212.9400213.6470
Fri 5 Jun214.8160213.8760215.6070213.5300214.3460
Thu 4 Jun214.8030214.8150215.1610214.3850214.8090
Wed 3 Jun215.3370214.8050215.3810214.4410215.0710
Tue 2 Jun214.8460215.3380215.5270214.7940215.0920
Mon 1 Jun214.5590214.8470215.0070214.1810214.7030
Fri 29 May214.0830214.3110214.6300213.5940214.1970
Thu 28 May214.1990214.0850214.2130213.3300214.1420
Wed 27 May214.2070214.2000214.4800214.0190214.2035
Tue 26 May214.6360214.2090214.6810214.0810214.4225
Mon 25 May213.8000214.6370214.6830213.7560214.2185
Fri 22 May213.5320213.8220214.0400213.4110213.6770
Thu 21 May213.5070213.5320213.8240213.2930213.5195
Wed 20 May213.0830213.5080213.6170212.6640213.2955
Tue 19 May213.3860213.0810213.5080212.6830213.2335
Mon 18 May211.2760213.3850213.5510211.2760212.3305
Fri 15 May212.2640211.5700212.2720211.2950211.9170
Thu 14 May213.5140212.2660213.7100211.8840212.8900
Wed 13 May213.4090213.5150213.6980212.8960213.4620
Tue 12 May213.9830213.4090214.2050212.7570213.6960
Mon 11 May212.9840213.9840214.4250212.6740213.4840
Fri 8 May212.6720213.6130213.7100212.4460213.1425
Thu 7 May212.5890212.6710213.1230212.2960212.6300
Wed 6 May213.7670212.5870214.2310210.7860213.1770
Tue 5 May212.7780213.7680214.0740212.5610213.2730
Mon 4 May212.8840212.7790213.6200211.8210212.8315
Fri 1 May213.0610213.2280214.0460211.8130213.1445
Thu 30 Apr216.2130213.0630216.5970210.4740214.6380
Wed 29 Apr215.7670216.2120216.2820215.4940215.9895
Tue 28 Apr215.7590215.7690215.8430214.9540215.7640
Mon 27 Apr215.5500215.7570216.0550215.5260215.6535
Fri 24 Apr215.1030215.6670215.7790214.9470215.3850
Thu 23 Apr215.3510215.1020215.7370214.9530215.2265
Wed 22 Apr215.2970215.3500215.6620214.9290215.3235
Tue 21 Apr214.9580215.2990215.4240214.6100215.1285
Mon 20 Apr214.2900214.9590215.0990214.1290214.6245
Fri 17 Apr215.2910214.4460215.6920214.0140214.8685
Thu 16 Apr215.6000215.2890215.7220215.1250215.4445
Wed 15 Apr215.4280215.5990215.9090215.1970215.5135
Tue 14 Apr215.3660215.4270215.7870214.9160215.3965
Mon 13 Apr213.9140215.3650215.3750213.7740214.6395
Fri 10 Apr213.6080214.4320214.5830213.5490214.0200
Thu 9 Apr212.4160213.6090213.8530212.3980213.0125
Wed 8 Apr212.1990212.4150213.1530212.0770212.3070
Tue 7 Apr211.3600212.1990212.3070211.2390211.7795
Mon 6 Apr210.5700211.3590211.5460210.5580210.9645
Fri 3 Apr211.0820210.8060211.3090210.5460210.9440
Thu 2 Apr211.3400211.0830211.3400210.3500211.2115
Wed 1 Apr209.9400211.3440211.4460209.8400210.6420
Tue 31 Mar210.5820209.9410211.2170209.6790210.2615
Mon 30 Mar212.3290210.5810212.5500210.2060211.4550
Fri 27 Mar213.0070212.5670213.1040212.2350212.7870
Thu 26 Mar213.1360213.0060213.3100212.7090213.0710
Wed 25 Mar212.8400213.1370213.2140212.5910212.9885
Tue 24 Mar212.7450212.8390212.9830212.2740212.7920
Mon 23 Mar212.1880212.7410213.3000211.5890212.4645
Fri 20 Mar211.8190212.4280212.7720211.7030212.1235
Thu 19 Mar211.9590211.8200212.3530210.8130211.8895
Wed 18 Mar212.3710211.9590212.7290211.9060212.1650
Tue 17 Mar211.8590212.3700212.4830211.6420212.1145
Mon 16 Mar212.2180211.8540212.2430210.8140212.0360
Fri 13 Mar212.6190211.2190212.8810211.0760211.9190
Thu 12 Mar213.1930212.6170213.1930212.4150212.9050
Wed 11 Mar212.0710213.1950213.3090212.0380212.6330
Tue 10 Mar211.9050212.0700212.4150211.5990211.9875
Mon 9 Mar210.7600211.9080212.1790210.6110211.3340
Fri 6 Mar210.4740211.6400211.6400210.2270211.0570
Thu 5 Mar210.0340210.4730210.6230209.1890210.2535
Wed 4 Mar210.6710210.0310210.6970209.4910210.3510
Tue 3 Mar210.9540210.6690211.3620209.2290210.8115
Mon 2 Mar209.3610210.9530211.3820209.3280210.1570
Fri 27 Feb210.5030210.4560210.8270209.8060210.4795
Thu 26 Feb212.0230210.5050212.0320210.2700211.2640
Wed 25 Feb210.2900212.0240212.1220210.0190211.1570
Tue 24 Feb208.6910210.2910210.8420208.5540209.4910
Mon 23 Feb209.0340208.6900209.2280208.1450208.8620
Fri 20 Feb208.7000209.0230209.6570208.3890208.8615
Thu 19 Feb208.9300208.6980209.5410208.0870208.8140
Wed 18 Feb207.9970208.9310209.2180207.6310208.4640
Tue 17 Feb209.2480207.9970209.4820207.2420208.6225
Mon 16 Feb209.0400209.2470209.6860208.3810209.1435
Fri 13 Feb208.0580208.5010209.3300207.9310208.2795
Thu 12 Feb208.8780208.0600209.5550207.5730208.4690
Wed 11 Feb210.6150208.8800210.7150208.1860209.7475
Tue 10 Feb213.5010210.6160213.7270210.4960212.0585
Mon 9 Feb214.1670213.5030214.4190212.1410213.8350
Fri 6 Feb212.4720214.0080214.0590211.6130213.2400
Thu 5 Feb214.1960212.4730214.2290211.8190213.3345
Wed 4 Feb213.3810214.1940215.0050213.3000213.7875
Tue 3 Feb212.6660213.3810213.4660212.5020213.0235
Mon 2 Feb211.9950212.6670212.6940211.2940212.3310
Fri 30 Jan211.4430211.8140212.4710211.1480211.6285
Thu 29 Jan211.8420211.4430212.1560210.0570211.6425
Wed 28 Jan210.7590211.8420212.0280210.0710211.3005
Tue 27 Jan210.9550210.7580211.7600209.8150210.8565
Mon 26 Jan211.3950210.9550212.0730209.6200211.1750
Fri 23 Jan213.9190212.4750214.8560212.0990213.1970
Thu 22 Jan212.6220213.9200213.9620212.3870213.2710
Wed 21 Jan212.5920212.6250212.7660211.6000212.6085
Tue 20 Jan212.3030212.5910213.4930211.8580212.4470
Mon 19 Jan210.7190212.3060212.3910210.6710211.5125
Fri 16 Jan212.2800211.4990212.3000211.3900211.8895
Thu 15 Jan213.0530212.2790213.3110212.0020212.6660
Wed 14 Jan213.6470213.0540214.1130212.5570213.3505
Tue 13 Jan212.9680213.6470214.2970212.6860213.3075
Mon 12 Jan210.1270212.9690213.0140210.1270211.5480
Fri 9 Jan210.8320211.6540212.0650210.6540211.2430
Thu 8 Jan210.9770210.8310211.1620210.3200210.9040
Wed 7 Jan211.5290210.9770211.7570210.9400211.2530
Tue 6 Jan211.8080211.5300212.1520211.3150211.6690
Mon 5 Jan210.8660211.8100211.8420210.5170211.3380
Fri 2 Jan210.9780211.1000211.4440210.7580211.0390
Thu 1 Jan210.9680210.9680210.9680210.9680210.9680
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GBP/JPY Forward Curve · Market Implied Expectations

Pound to Japanese Yen Forecast: 208.51 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 209.55, according to market-implied pricing. In three months, the rate is expected to be at 208.51. In six months the projected rate is at 207.07. In one year the rate is expected to be at 203.93.

Short-term Bearish
Medium-term Bearish
Long-term Bearish
3-Month implied 208.51
Market Implied Expectations: GBP/JPY · 23 Sep 2026
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Disclaimer: All forecasts sourced from published research by investment banks and independent analysts. They represent forward-looking opinions subject to revision without notice. Pound Sterling Live does not endorse any forecast and accepts no liability for decisions made on the basis of these projections. This page does not constitute investment advice.