Convert Japanese Yen to British Pound
JPY to GBP Exchange Rate Calculator
1 Japanese Yen (JPY) = 0.0046 British Pound (GBP) at the live mid-market rate. That means $100 JPY converts to roughly 0.46 GBP, and $1,000 JPY converts to about 4.65 GBP. The JPY/GBP rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day JPY/GBP context
Over the past 90 days, JPY/GBP has traded between 0.0046 and 0.0048. The current rate of 0.0046 sits roughly 15% through that range — near the lower end, meaning British Pound has been stronger than typical against Japanese Yen recently. Versus the rate 90 days ago, Japanese Yen has weakened by 2.31% against British Pound.
JPY/GBP Price History
Interactive JPY/GBP exchange rate chart with 7-day, 30-day, and 90-day views.
About Japanese Yen (JPY)
The Japanese Yen (JPY) is the official currency of Japan and the third-most-traded currency worldwide. It is the premier carry-trade funding currency thanks to decades of ultra-low interest rates, and it plays a defining safe-haven role during global equity selloffs.
- •Third-most-traded currency, ~17% of daily forex volume
- •Bank of Japan ended its negative interest rate policy in March 2024 after 17 years
- •Japan holds the world's largest net international investment position
- •Yen weakness typically boosts Japanese exporter earnings (Toyota, Sony, etc.)
- •The Ministry of Finance — not the BoJ — controls FX intervention policy
About British Pound (GBP)
The British Pound Sterling (GBP) is the official currency of the United Kingdom and one of the oldest currencies in continuous use, dating back over 1,200 years. It is issued by the Bank of England and is the fourth-most-traded currency globally.
- •In continuous use since Anglo-Saxon England — older than any major fiat rival
- •Fourth-most-traded currency, ~13% of daily global forex turnover
- •Bank of England sets Bank Rate via its Monetary Policy Committee (MPC)
- •GBP/USD carries the traders' nickname "Cable" from the 19th-century transatlantic telegraph cable
- •The UK left the EU on 31 January 2020; Brexit still shapes GBP volatility around trade headlines
Frequently Asked Questions
Why is GBP/JPY called "the Dragon" or "the Beast"?
GBP/JPY combines two of the most volatile major currencies into a single high-octane pair. Daily ranges of 100–200 pips are normal, with 300+ pips on data-release days — among the widest in G10 FX. Traders gave it nicknames during the 2008 crisis when it routinely moved 500+ pips in a session.
What drives GBP/JPY?
The UK-Japan 10-year government-bond yield spread is the single biggest driver. When UK gilts sell off (yields rise) faster than JGBs, GBP/JPY rallies. Risk sentiment also matters — GBP/JPY behaves as a leveraged risk-on cross because GBP rises with global growth while JPY falls in equity rallies.
How does GBP/JPY behave during stock-market crashes?
Brutally. GBP/JPY is one of the worst-performing crosses during VIX spikes — JPY rallies as a safe-haven and GBP falls on risk aversion. The 2008 financial crisis saw GBP/JPY fall from 250 to 120 in nine months. Smaller risk-off episodes routinely produce 5–10% drawdowns within days.
When is GBP/JPY most liquid?
The London session (07:00–17:00 UTC) provides peak GBP liquidity, but the pair trades actively in Tokyo (23:00–07:00 UTC) too. The London-Tokyo handover around 07:00 UTC and the London-NY overlap (13:00–17:00 UTC) offer the tightest spreads.
Why do carry traders love GBP/JPY?
When BoE rates sit well above BoJ rates, GBP/JPY offers significant interest-rate carry — paid daily by the broker. During the 2003–2007 carry-trade boom, GBP/JPY rose from 175 to 250 partly on carry inflows. The reverse — sudden carry unwind during volatility spikes — is what produces the famous downside crashes.
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- Pip (Forex)A pip ("percentage in point") is the smallest standard price increment for a currency pair…
- Spread (Forex)The spread is the difference between the buy (ask) price and the sell (bid) price of a cur…
- Safe-Haven CurrencyA safe-haven currency is one that investors buy during periods of global financial stress,…
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Exchange rates refresh hourly · Sourced from institutional-grade data providers