Currency pair GBPJPY is one of the most popular cross-rate tools among traders. It is known in the Forex market for the “explosive” nature, that draws the attention of many market participants to it. The tool reflects a ratio of the British pound (base currency of the pair) and Japanese yen (quoted currency). Economic news from Great Britain and Japan have the most noticeable impact on the behavior of this tool.
Currency pair GBPJPY is characterized by the susceptibility to important world economic and political events. The price chart of this couple has difficult for forecasting and sometimes fluctuations of its rate happened so promptly that traders don't have time to choose the right trading strategy. This tool has a number of advantages in comparison with other cross-currencies, including a large volume of made trading activities, which guarantees to the traders the deep level of liquidity.