Currency pair GBPJPY.

The British pound, despite some weakening of its position, is still popular in settlements between financial institutions, and is also actively involved in speculative trading on Forex.

It makes an excellent pair with the Japanese Yen; due to the difference in factors affecting these currencies, the trading instrument has quite high movement dynamics, which opens up wide opportunities for earning money.

GBPJPY is both a profitable and dangerous currency pair, so working with it is recommended for traders with some trading experience.

Basic moments.

The role of the base currency is played by the English pound, which is the most expensive monetary unit in the world, which is why 1 lot of GBPJPY costs only 100,000 pounds.

The pair is not quite common; it has a two-digit quote; some Forex dealing centers make it three-digit for the convenience of traders.

Despite this, the cost of one point with a standard quote is again close to 10 dollars, taking into account the current exchange rate. Features of trading.

The currencies included in the currency pair have different characters; if the pound is positioned more as a calm currency, then the Japanese Yen is distinguished by its volatility.

The main reason for this lies in the government’s attempts to keep the exchange rate of the national currency at a fairly low level. In the standard course of events, the Japanese Yen gradually gains weight, but as soon as its exchange rate becomes economically unprofitable, the Bank of Japan intervenes.

This causes an upward trend in the GBPJPY currency pair, the duration of which can be more than one hundred points.

This is precisely the intervention tactic that most traders use to make money on GBPJPY; such trading does not involve opening frequent transactions, but is highly profitable.