TradeTrade
Jump to any asset 844 assets, updated daily

British Pound / Japanese Yen (GBP/JPY)

British Pound / Japanese Yen

¥209.47 0.6206 (0.30%)
Latest Price
AI Analyst Consensus
Hold
50 / 100
Last updated: • Price at analysis: ¥209.47
CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Jacob Bakshi, Senior Market Strategist. Data refreshed daily. Not financial advice.
The British Pound/Japanese Yen pair is currently trading at 209.47, exhibiting a neutral technical momentum as indicated by a 14-day RSI of 50. The pair is positioned above its 20-day exponential moving average (209.32) but below its 50-day simple moving average (210.03) and 200-day simple moving average (213.53). This positioning suggests a period of consolidation following recent price action. Geopolitical developments and diverging monetary policies between the Bank of England and the Bank of Japan are the primary macro drivers for GBP/JPY. While the Bank of Japan has ended negative interest rates and yield-curve control, the Bank of England faces persistent inflation concerns, creating a complex policy divergence that underpins the current trading range.

GBP/JPY at a glance

British Pound / Japanese Yen (GBP/JPY): Hold, 50/100 on CleaRank's AI score.

  • Trend Down: the price is below both its 50- and 200-day moving averages (¥210.03 and ¥213.53).
  • Volatility Daily moves average 0.31% (30-day standard deviation).

As of October 15, 2026, British Pound / Japanese Yen (GBP/JPY) trades at ¥209.47. The nearest technical level is the 200-day moving average at ¥213.53; there is no analyst coverage. The 14-day RSI (daily closes) is 50, in neutral territory, and the price is below its 50-day simple moving average of ¥210.03.

Figures as of October 15, 2026.

Only on CleaRank

Figures we compute ourselves from GBP/JPY's own price history. Tap one to see it in context.

Seasonality
Oct +2.1% · Aug -0.6%
average best and worst month; Oct rose in 6 of 9 years
Moves with
SPY +0.34 · BTC +0.21 · Gold +0.01
1-year correlation of daily returns
2030 simulation
¥209.47 base
10th-90th percentile ¥165.27 to ¥265.48

GBP/JPY Price Analysis

Market Metrics

Open
¥208.83
Day Range
¥208.60 to ¥209.63
Prev Close
¥208.85
52-Week Range
¥199.06 to ¥219.65

GBP/JPY Analysis

Key Trend Level +1.94% above price
The 200-day moving average (a technical level, not a price target)
¥213.53
AI Analyst Consensus Score Hold
The British Pound/Japanese Yen pair's trend over the last quarter has been range-bound, with price action oscillating around key moving averages. Currently, the price at 209.47 sits above the 20-day EMA at 209.32, indicating some short-term upward pressure. However, the pair is trading below the 50-day SMA at 210.03 and the 200-day SMA at 213.53, which are now acting as resistance levels. The 14-day RSI is at 50, reflecting neutral momentum, while the CCI at 6.03 also suggests a lack of strong directional conviction. The Stochastic indicator at 67.44 indicates it is in the upper half of its range but not yet overbought. The MACD at -0.1345 points to a slight bearish bias in momentum, but overall, the technical picture is balanced, awaiting a decisive break of key levels.
Market Outlook
The outlook for GBP/JPY over the next 6-12 months remains neutral to cautiously bullish, contingent on the continued divergence in central bank policies and the absence of major geopolitical shocks. The pair is expected to trade within a range defined by the 50-day SMA at 210.03 as near-term resistance and the 20-day EMA at 209.32 as support. A sustained move above the 200-day SMA at 213.53 would signal a shift towards a more bullish trend, potentially driven by aggressive tightening from the Bank of England or a more hawkish pivot from the Bank of Japan. Conversely, a break below the 20-day EMA could lead to a test of lower support levels, influenced by a resurgence of risk aversion or a dovish surprise from the BoE.

Market Correlations

How this forex pair moves relative to other assets

Based on 1 year of daily price data. Correlations may vary over different time periods.

S&P 500 (SPY) +0.34
Weak correlation
Nasdaq 100 (QQQ) +0.33
Weak correlation
Bitcoin (BTC) +0.21
Weak correlation
Gold (XAU) +0.01
Weak correlation

As of October 15, 2026, GBP/JPY's 1-year correlation of daily returns is +0.34 with S&P 500 (SPY), +0.33 with Nasdaq 100 (QQQ), +0.21 with Bitcoin (BTC) and +0.01 with gold (XAU).

Check Custom Correlation

How does any other asset move with GBP/JPY? One year of daily closes, Pearson correlation.

Try

Key Statistics

GBP/JPY is analysed on price action, rate differentials and macro flows: 50-day average ¥210.03, 200-day average ¥213.53, RSI 50. The trade plan below is built on these levels.
52 Week High 219.65
52 Week Low 199.06
The fundamental outlook for GBP/JPY is shaped by the contrasting monetary policy stances of the Bank of England (BoE) and the Bank of Japan (BoJ). The BoE continues to grapple with inflation, potentially necessitating further interest rate hikes or a prolonged period of elevated rates to achieve its targets. This policy divergence supports the British Pound. Conversely, the BoJ has transitioned away from negative interest rates and yield-curve control, signaling a normalization of its monetary policy. However, the pace and extent of future tightening remain uncertain, influenced by domestic economic conditions and global financial stability. This policy evolution creates a complex dynamic for the Japanese Yen, with potential for volatility.

Macro & Supply-Demand Drivers

Recent economic releases for the UK and Japan are influencing the GBP/JPY pair. UK inflation data, while showing signs of moderation, remains a key focus for the Bank of England, potentially dictating the future path of interest rates. Stronger-than-expected employment figures or wage growth could reinforce the Sterling's strength. In Japan, recent GDP and industrial production data provide insights into the underlying health of the economy. Any signs of sustained economic recovery could embolden the Bank of Japan to adopt a more hawkish stance, while persistent weakness might lead to a more cautious approach. These economic indicators are critical for assessing the interest rate differential between the two nations.

Key Risks

A significant risk to the current GBP/JPY outlook is a policy surprise from either the Bank of England or the Bank of Japan. An unexpectedly hawkish shift from the BoJ or a dovish pivot from the BoE could lead to sharp movements in the pair. Geopolitical escalations in Eastern Europe or the Middle East could trigger a flight to safety, potentially benefiting the Japanese Yen as a traditional safe-haven currency, thereby pressuring GBP/JPY lower. Conversely, a sudden improvement in global risk sentiment could support Sterling and push the pair higher.

Technical Indicators i

RSI (14-day) 50.00
MACD (12, 26) -0.134
SMA (50-day) 210.03
SMA (200-day) 213.53
Technical Rating Bearish
RSI
Neutral
SMA Cross
Bearish
Price vs SMA
Bearish
MACD
Neutral
Moving averages show a lagging Death Cross (50-day: ¥210.03, 200-day: ¥213.53), price is trading below the 50-day SMA.

As of October 15, 2026, with GBP/JPY at ¥209.47, its 14-day RSI is 50.0 (neutral territory), its 50-day simple moving average is ¥210.03 and its 200-day is ¥213.53.

Calculated by CleaRank on daily closes as of October 15, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).

GBP/JPY Trade Plans

Specific entry, exit, and risk management levels

Select Your Trade Bias
Risk Tolerance
Conservative 2% Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →

Entry Strategies pick an entry style

Conservative
¥207.37
Slight discount to current
Wait for small dip
Aggressive
¥209.47
At current price
Enter now if confident

Risk Management

STOP LOSS
¥201.15
MAX LOSS
-3.0%
Volatility-Adjusted Stop Loss
Calculated based on RSI (50.0) and current market volatility

Profit Targets (Based on Conservative Entry)

TARGET 1
¥213.59
+3% (Conservative)
+2.0% (Aggressive)
TARGET 2
¥217.74
+5% (Conservative)
+4.0% (Aggressive)
TARGET 3
¥223.96
+8% (Conservative)
+6.9% (Aggressive)
Calculate Your Trade
Position Size Stop Loss Risk/Reward P&L Calculator Trailing Stop Fibonacci Pivot Points Win Rate Expectancy

With leverage, losses on GBP/JPY can exceed the deposit, and news can gap the price through these levels. Educational levels, not financial advice; the full disclaimer is at the foot of the page.

Growth of $10,000

A $10,000 investment in GBP/JPY in October 2016 would be worth about $16,499 today, compared with about $36,237 for the same investment in the S&P 500 benchmark.

Compare with Another Ticker

Monte Carlo Projection (10yr)

CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in GBP/JPY today could grow to about $10,000 by 2036 in the base case, with a 90th-percentile outcome near $14,546 and a 10th-percentile outcome around $6,875. Projections are statistical simulations, not guarantees.

GBP/JPY 2030 Scenarios (Monte Carlo)

CleaRank's simulation projects a price near ¥209 for GBP/JPY by 2030 in the base case, from ¥209 today (1.0x over 4 years). The 10th-percentile path ends near ¥165. These are outcomes of a Monte Carlo simulation run on GBP/JPY's historical return distribution, not price targets.

GBP/JPY simulated price paths by year
Year 10th percentile Base case 90th percentile
2027 ¥186 ¥209 ¥236
2028 ¥177 ¥209 ¥248
2029 ¥171 ¥209 ¥257
2030 ¥165 ¥209 ¥265
2031 ¥161 ¥209 ¥273

Method: a lognormal simulation of GBP/JPY's own volatility with no trend assumed, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.

People Also Watch

Frequently Asked Questions

What is the long-term outlook for GBP/JPY based on current projections?
Based on Monte Carlo simulations for 2030, the base case projection for GBP/JPY is 209.47. The downside projection is 165.27, and the upside projection is 265.48. These figures represent statistical simulation outcomes, not price targets or guarantees.
Why is GBP/JPY trading around 209.47 in October 2026?
GBP/JPY is trading around 209.47 in October 2026 due to a balance of factors including the Bank of England's policy stance on inflation and the Bank of Japan's move away from negative interest rates, alongside neutral technical momentum.
How does the 14-day RSI indicate momentum for GBP/JPY?
The 14-day RSI for GBP/JPY is currently at 50, which signifies neutral momentum, indicating neither strong buying nor selling pressure.
What are the main technical resistance levels for GBP/JPY?
The key technical resistance levels for GBP/JPY are the 50-day simple moving average at 210.03 and the 200-day simple moving average at 213.53.
What are GBP/JPY's best and worst months?
Over the last 10 years, October has been GBP/JPY's strongest month on average (+2.12%, rising in 6 of 9 years) and August its weakest (-0.57%, rising in 4 of 10 years). Seasonal averages describe the past and do not predict a given year.
How closely does GBP/JPY move with the stock market?
Over the past year GBP/JPY's daily returns were weakly correlated with the S&P 500 (SPY) (+0.34). Nasdaq 100 (QQQ): +0.33; Bitcoin (BTC): +0.21; Gold (XAU): +0.01. A figure near +1 means the two usually move together; near 0 means little relationship.
What would $10,000 invested in GBP/JPY be worth today?
$10,000 put into GBP/JPY in October 2016 would be worth about $16,499 today, against about $36,237 for the same amount in the S&P 500.
What does CleaRank's simulation show for GBP/JPY in 2030?
CleaRank's Monte Carlo simulation, built from GBP/JPY's own historical volatility, puts the 2030 base case near ¥209.47, with 10th and 90th percentile outcomes of ¥165.27 and ¥265.48. It is a range of simulated outcomes, not a price target.
How volatile is GBP/JPY?
GBP/JPY's daily price moves average 0.31% (30-day standard deviation of daily returns). Over the past 52 weeks it traded between ¥199.06 and ¥219.65.
Browse all Currency →

Disclaimer: CleaRank.com is a financial data and analytics provider, not a registered investment advisor, broker-dealer, commodity trading advisor (CTA), or financial regulatory body. The commodity and forex analysis presented for GBP/JPY is for educational and informational purposes only and does not constitute financial advice or an offer to trade any commodity, currency, or derivative instrument. Commodity and forex trading involves substantial risk of loss, potentially exceeding your initial deposit due to leverage. Prices are influenced by geopolitical events, central bank policy, supply chain disruptions, and macroeconomic factors that can cause rapid, unpredictable price movements. All analysis is AI-generated based on historical price data and technical indicators which may not predict future market conditions. Market data is provided "as-is" and may be delayed. You should never trade with money you cannot afford to lose. Consult a qualified financial advisor or commodity trading advisor before trading. Analysis generated on October 15, 2026.

About usMarket NewsPortfolio VisualizerPortfolio Generator
Contact UsEditorial CodeTrading ToolsRug Checker
Work With UsBroker CheckerCLEAR™ BrokersMethodology
Trade Expectancy CalculatorTrailing Stop Calculator
Disclaimer:

Engaging in financial markets carries significant risk of total capital loss. Markets are volatile, unpredictable, and past success does not guarantee future results. Never invest funds you cannot afford to lose. CleaRank does not offer financial, investment, or advisory services. We provide no recommendations, endorsements, or guarantees regarding market outcomes. You alone are responsible for your decisions.

Advertiser Disclosure:

At CleaRank, clarity and transparency are more than ideals, they are the core of our operations. CleaRank is a paid SaaS platform: the Pro and Ultra workbench plans are paid subscriptions, while everything else on this site, including our trading calculators, tools and market news, is free to use. In the spirit of full disclosure: some of our free editorial content contains partner links, and we may earn affiliate commissions from them. This never affects what you pay. Please keep in mind that your confidence in our platform is what matters to us most and we are devoted to earning your trust every day through consistent transparency. CleaRank's Editorial team works independently from partner relationships and financial incentives. All material and information made available by CleaRank stem from our unique technology and methodology which are created to prioritize your needs as a trader and deliver actionable insights to help you make clearer decisions.

Call CleaRank
Copyright CleaRank Ltd. 2026