CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pairing – The amount of Japanese yen (JPY) that one can buy for every Great British pound (GBP).
GBP – World’s fourth most traded currency
JPY - World’s third most traded currency
Economic factors – The yen is most likely to be affected by economic issues within Japan, but the currency is traditionally stable, making it a popular reserve currency option.
Commodities – The pound is more susceptible to being affected by the prices of commodities such as coal, oil, and aluminium, but the yen can also see changes when the price of commodities associated with the automotive industry change.
Reserve currencies – Both currencies are safe-haven options, although the Bank of japan is more likely to intervene in such circumstances.