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GBPCHF Return to the list of instruments AUDNZD

Currency converter

Great Britain Pound vs Japanese Yen
197.55
05 Nov 2024 14:20
Price Change (% chg)
0
(0%)
Prev Close
Prev Close

Closing price, the previous day.
197.1
Open
Open

Opening price.
197.66
Day's High
Day's High

The highest price over the last trading day.
197.72
Day's Low
Day's Low

The lowest price over the last trading day
196.99
Week High
Week High

Price range high in the last week
199.32
Week Low
Week Low

Price range low in the last week
196.99
Download archive
Buy
197.55
Sell
197.55
Open the chart in full screen view
Buy
197.55
Sell
197.55
Download archive
Open the chart in full screen view

Japan and the United Kingdom have highly developed industries and advanced technologies. The level of GDP in these countries is among the highest in the world. Traditionally, intensive business activity takes place between these countries, which, certainly, entails increasing popularity of the GBP/JPY currency pair on the forex market.

It is really hard to forecast the GBP/JPY chart, as the pair is highly susceptible to a variety of economic and political events in the world. On the chart, strong price spikes often take place which could negatively affect current open positions.

Working with such a financial instrument, it is necessary to analyze a large number of facts and peculiarities of the chart behavior which first could seem insignificant. Newbies are not recommended to use the GBP/JPY instrument.  

The U.S. dollar has a great influence on each of the currencies of the given pair. Its exchange rate should be taken into account. In addition, a trader should pay attention to the major U.S. economic indicators. If we combine the charts of GBP/USD and USD/JPY, then we will get an approximate GBP/JPY chart, and could estimate the U.S. dollar's influence on the pair.

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