GBPJPY Exchange Rate

The Japanese yen weakened against other major currencies in the Asian session on Friday.

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.

Japan's gross domestic product contracted a seasonally adjusted 0.5 percent on quarter in the first quarter of 2024, the Cabinet Office said on Thursday.

The British pound weakened against other major currencies in the European session on Tuesday, after data showed that the average earnings in the U.K. grew better than expected in March and the jobless rate rose slightly, while the fall in employment was less than expected and vacancies continued to decline, giving more evidence of a cooling labor market to Bank of England that is preparing to lower interest rates soon.

GBPJPY is in the red again today, not far from its recent high; It has dropped below the January 2, 2024 ascending trendline; Momentum indicators are in waiting mode for the next key market events

GBP/JPY may rest near 190.00 round number; MACD and RSI confirm bearish retracement; Broader outlook looks strongly bullish

GBPJPY breaks below key support area after new high. Technical signs weaken, but 20-day EMA comes to the rescue again.

Watch the video for the key trading levels for AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD index, Gold, and the S&P 500.