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GBP/JPY

215.022
(British Pound / Japanese Yen)
-0.02% today
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GBP/JPY historical chart

Aug 4Feb 3Jul 31

Live GBP/JPY conversion rate

As of 2026-07-31 00:00:00 UTC, GBP/JPY (British Pound / Japanese Yen) is 215.022, reconciled from ECB ref · live spot and refreshed every 1-minute ingest / daily reference fallback. Every observation is point-in-time and labels its source class and timestamp — backtest-safe and reproducible. GBP/JPY is available over the REST API and an MCP server on exchangerate.dev, with a free tier to start.

How do I query GBP/JPY?

One authenticated GET returns the latest value with its timestamp and source. Swap the language tab for your stack.

$ curl https://api.exchangerate.dev/v1/rate/gbp-jpy \
    -H "Authorization: Bearer $API_KEY"
# → rate, timestamp, source, derived
✓The response includes source, market_session, and data_updated_at freshness metadata.

Reference

GET/v1/latest/GBP?symbols=JPY

Latest GBP/JPY indicative spot rate — value, timestamp, source, and market_session.

Rate limit
12 / min (Free) · 500 / min (Pro)
Latency p95
sub-100ms edge hits
Source feed
ECB ref · live spot
Frequency
1-minute ingest / daily reference fallback

Provenance

Reconciled against aggregated market data + public reference rates · parser v2.1
Methodology and revision log are public and versioned.
Read methodology

More in fx

USD/JPYAvailable
US Dollar / Yen
159.72
EUR/JPYAvailable
Euro / Yen
184.030
EUR/GBPAvailable
Euro / Sterling
0.85587

Related reading

MethodologyHow exchangerate.dev sources and labels FX ratesRead GuideHow to backfill FX rates without look-ahead biasRead BlogWhat ECB-based FX APIs miss between fixesRead ReferenceHow to read source and market_sessionRead
DelayedDaily-reference rate (ECB fix) — updated once per business day; a cross is only as fresh as its slowest leg. On weekends it carries Friday's fix. Last updated 2026-07-31 00:00:00 UTC. See which currencies are live.

GBP/JPY — The "Dragon" Cross

GBP/JPY is known informally as "the dragon" among retail traders for its outsized intraday volatility. It combines sterling — the third most-traded currency globally — with the Japanese yen, producing swings that regularly exceed those of the majors.

The pair is doubly sensitive: it reacts to UK economic data (CPI, employment, BoE decisions) and simultaneously to the yen's global safe-haven demand. During risk-off events both legs can move sharply in opposite directions, amplifying the pair's range.

Japanese retail FX participants actively trade GBP/JPY, and their collective positioning is tracked via the Tokyo Financial Exchange. Large retail positioning shifts can trigger sharp reversals, especially on Bank of Japan announcements.

All rates here are indicative mid-market from aggregated market data and public reference rates. Not for settlement or regulated use.

Frequently asked questions

Why is GBP/JPY called "the dragon"?
The nickname reflects the pair's unusually large and fast intraday moves. Daily ranges of 150–200 pips are common, versus 80–120 for EUR/USD, making it both attractive and risky for short-term traders.
What sessions see the most GBP/JPY volatility?
The London open (08:00 GMT) is consistently the most volatile, as European and Asian traders overlap briefly. UK economic releases between 07:00–09:30 GMT also drive sharp spikes.
How does the Bank of England affect GBP/JPY?
BoE rate decisions directly move sterling, which is the base currency of GBP/JPY. Hawkish surprises (higher rates) typically push the pair up; dovish surprises pull it down — unless simultaneous BoJ action dominates.
Is there a connection between GBP/JPY and UK gilt yields?
Yes. Rising gilt yields signal higher sterling returns, attracting carry flows that buy GBP/JPY. A spike in yields from fiscal stress (as in the 2022 UK mini-budget crisis) can cause the opposite effect via sterling selling.
Do Japanese retail traders influence GBP/JPY?
Significantly. Japan has the world's largest retail FX market, and GBP/JPY is a favored pair for the carry interest it provides. Retail order flow is large enough to be tracked as a contrarian sentiment indicator.
How does GBP/JPY differ from EUR/JPY?
Both respond to risk sentiment and BoJ policy, but GBP/JPY additionally carries UK-specific risk (trade, BoE, political). Sterling also lacks the ECB's institutional backstop, adding an extra layer of idiosyncratic volatility.
Does the exchangerate.dev API provide live intraday GBP/JPY rates?
Yes. Both GBP and JPY are in the live-updating currency set that updates approximately every 60 seconds through the trading week. ECB-based APIs update only once per business day at the ~16:00 CET fix.

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