GBP/JPY Live Chart
British Pound vs Japanese Yen, one of the most volatile major crosses.
About this pair
GBP/JPY, sometimes nicknamed 'The Dragon', is renowned for its large intraday swings and is one of the most volatile crosses traded. It combines sterling's sensitivity to UK economic data and Bank of England policy with the Yen's safe-haven characteristics and Bank of Japan intervention risk. The pair can move hundreds of pips in a single session during high-impact events, making precise risk management essential. It rewards experienced traders who can read momentum and manage large swings.
Key characteristics
Typical spreadMedium (1–2.5 pips)
VolatilityVery High
Best sessionLondon session
Trader suitabilityAdvanced
Top brokers for GBP/JPY
3 of 55 regulated, top-rated brokers
IG
4.8·Regulated
IG invented spread betting in 1974 and remains the benchmark for experienced UK and European traders: unmatched market breadth, a genuinely excellent proprietary platform, and regulatory credibility that few brokers can match - at the cost of slightly higher charges than specialist ECN desks.
IC Markets
4.7·Regulated
True ECN routing with raw 0.0 pip spreads on majors plus commission, deep liquidity, and the cleanest MT4 / MT5 / cTrader stack we test.
Pepperstone
4.7·Regulated
Multi-regulated Australian ECN-style broker with fast execution, MT4 / MT5 / cTrader / TradingView and a strong active-trader rebate program.
Ranked by editorial score.
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