Calculate the pip value, position size, and dollar risk for the GBP/JPY forex pair. Because JPY is the quote currency, GBP/JPY uses 0.01 as one pip (two decimal places instead of four). The dollar pip value depends on the current GBP/JPY rate. This calculator runs in your browser — no signup, no card, instant results for any lot size.
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GBP/JPY Pip Value Reference (at ~190.00)
| Lot size | Units | Pip value (USD) | 10-pip move |
|---|---|---|---|
| Standard (1.0) | 100,000 | ~$5.26 | ~$52.63 |
| Mini (0.1) | 10,000 | ~$0.526 | ~$5.26 |
| Micro (0.01) | 1,000 | ~$0.0526 | ~$0.526 |
These values move with the current rate. The formula: pip value (USD) = (0.01 × 100,000) ÷ JPY rate. For GBP/JPY at exactly 190.00, that's $5.26 per pip on a standard lot.
Worked Example: 25-Pip Stop on GBP/JPY
Account: $5,000. Risk: 1% = $50. Stop: 25 pips.
At GBP/JPY ≈ 190.00, one standard lot is worth ~$5.26 per pip.
$50 ÷ (25 × $5.26/lot/pip) = 0.38 lots ≈ 3.8 mini lots.
Use the Interactive Calculator
For live, configurable pip value and position size math on GBP/JPY, use our free interactive calculator. It supports all major lot sizes, custom stop losses, and live rate inputs.
GBP/JPY Calculator FAQ
- What is the pip value of GBP/JPY?
- It depends on your lot size. On a standard lot (100,000 units), the pip value is fixed if USD is the quote currency, or varies with the current rate if it isn't. See the reference table above.
- Is GBP/JPY good for beginners?
- GBP/JPY is a cross pair — typically more volatile and with wider spreads than majors. Better for traders who have already developed a baseline strategy on major pairs.
- How many pips does GBP/JPY usually move per day?
- GBP/JPY typical daily range is 100-200 pips for the average session, with wider ranges around major news. Always check the current ATR (Average True Range) on your timeframe.
- What time of day is GBP/JPY most active?
- GBP/JPY is most active during the London-New York session overlap (13:00-17:00 UTC).
Trading GBP/JPY or any other forex pair carries substantial risk. The figures above are for educational reference only and do not constitute financial advice.