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1 GBP = 209.8974 JPY
Indicative rate, updated 7 hours ago. Not a live dealing rate - confirm with your broker before trading.
A live technical-analysis reading for GBP/JPY, from Strong Sell to Strong Buy, updated automatically by TradingView. Forex has no reliable, freely-published Fear & Greed Index the way stocks or crypto do, so this momentum-based gauge is shown instead.
GBP/JPY is a cross pair - traded without the US Dollar as an intermediary - driven by Bank of England policy and UK economic data and Bank of Japan policy and its role as a safe-haven currency. Cross pairs can be more volatile than majors since two independent economies drive the price at once.
Rates shown here are indicative only. Confirm the exact rate and spread with your broker before trading.
Latest
208.840
25 Sep 2026
Highest on record
250.610
20 Jul 2007
Lowest on record
117.290
23 Sep 2011
12-month average
210.922
197.830 – 219.140
Over the past year GBP/JPY has risen 4.58%, meaning the GBP has strengthened against the JPY. In the last 30 days it has moved down 3.68%. Across the last 12 months it traded between 197.830 and 219.140. Its highest level in the available history (since 1999) was 250.610 on 20 Jul 2007, and its lowest was 117.290 on 23 Sep 2011.
Based on daily data from 4 Jan 1999 to 25 Sep 2026. Source: ECB reference rates (via Frankfurter). A rising rate means the GBP is strengthening against the JPY. Past performance does not predict future results.
A pair's price is one currency's value measured against another, so the economy behind each side matters.
United Kingdom · Bank of England (BoE) · Free float
The Pound is one of the oldest currencies in continuous use and the fourth most-traded globally. London is the world's largest forex trading hub, so the Pound reacts quickly to UK data.
Japan · Bank of Japan (BoJ) · Free float
The Yen is the world's third most-traded currency and a classic safe haven. Japan's very low interest rates for decades made the Yen the favourite funding currency for "carry trades".
The Japanese Yen is a traditional safe haven. In periods of market stress, investors tend to move money into it, which often pushes it higher against the British Pound even when local economic data is unchanged.
Central-bank policy matters on both sides: the Bank of England (BoE) and the Bank of Japan (BoJ). When one of them is expected to keep interest rates higher than the other, that currency usually attracts capital and strengthens; a narrowing gap tends to reverse the move.
Higher relative yields generally support the Pound
Global multinationals inside the index often move inversely to the Pound
USD/JPY tends to rise and fall with US yields
A weaker Yen typically supports Japanese exporters' shares
1992 GBP
"Black Wednesday": the UK was forced out of the European Exchange Rate Mechanism, and the Pound collapsed.
1995 JPY
USD/JPY fell to below 80, then a record low for the Dollar against the Yen.
2007 GBP
The Pound peaked around $2.10 against the Dollar just before the financial crisis.
2011 JPY
After the Fukushima earthquake the Yen surged to postwar highs before coordinated G7 intervention.
2012–15 JPY
"Abenomics" and massive monetary easing drove a large Yen depreciation.
2016 GBP
The Brexit referendum triggered one of the Pound's biggest one-day falls.
2022 GBP
The "mini-budget" sparked a gilt and Pound sell-off, briefly pushing GBP/USD to its lowest since the 1980s.
2022–24 JPY
A wide US–Japan rate gap pushed USD/JPY to multi-decade highs, prompting Japanese intervention and a sharp carry-trade unwind in August 2024.
GBP/JPY is a cross pair, traded without the US Dollar. It is a useful way to practise analysing two economies at once, though spreads are usually wider than on the majors.
Compare brokers offering these pairs →Most active: London session • Tokyo session and the London open
1 GBP is worth about 209.897 JPY (indicative, updated 7 hours ago). Always confirm the exact rate with your bank or broker before you convert or trade.
In the data we track (since 4 Jan 1999), GBP/JPY peaked at 250.610 on 20 Jul 2007 and bottomed at 117.290 on 23 Sep 2011.
GBP/JPY is influenced by the relative strength of the British Pound and the Japanese Yen. Key factors include: Bank of England policy, UK inflation and wage data, Bank of Japan policy, US–Japan interest-rate gap. See the sections above for the full list.
Activity and liquidity are typically highest during: London session • Tokyo session and the London open. Spreads are usually tighter when the relevant markets are open.
GBP/JPY can be more volatile or carry wider spreads than the major pairs, so it usually suits experienced traders better. If you are new, start with a demo account and a major pair. Trading forex carries a high risk of loss.
This page is educational and is not investment advice. Rates, statistics and commentary are indicative and may contain errors or be out of date. Forex and CFD trading carries a high risk of loss.