GBP/JPY: what to know
The GBP/JPY rate shows how much JPY you get for 1 GBP. Right now, 1 GBP buys 209.6840 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.00476908 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while JPY responds to Bank of Japan policy and global risk appetite.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the GBP/JPY rate has ranged between 200.5296 and 219.4370 — a change of +3.26% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.