The GBP/JPY is a commonly traded currency pair in the foreign exchange market, specifying how many Japanese Yen are needed to buy 1 British pound (pound sterling). Both currencies are among the top five most frequently traded currencies in the world.
With this currency pair, the British pound is the base currency, with a value of 1, and the value that changes is the Japanese Yen. This pair can be affected by various factors, such as issues that impact employment, exports, retail sales, and manufacturing in each country.
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