This page works out position size, pip value, and margin for GBPJPY, a cross currency pair. Enter your account balance, risk percentage, and stop-loss distance to see how many pips you can trade and what each pip is worth in dollars.
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Calculator
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Enter your numbers above.
What a move is worth on GBPJPY
Lot size
1 pip
10 pips
30 pips
50 pips
100 pips
500 pips
Standard · 1.0
$6.40
$64.01
$192.03
$320.04
$640.09
$3,200.43
Mini · 0.1
$0.64
$6.40
$19.20
$32.00
$64.01
$320.04
Micro · 0.01
$0.06
$0.64
$1.92
$3.20
$6.40
$32.00
Value in USD per position at the current rate — counts are in pips. Change your lot size or stop distance in the calculator above to match a real trade.
One pip on GBPJPY works out as 0.01 × 100,000 GBP, divided by the JPY/USD rate. The table just multiplies that by your lot size and pip count.
How to use it
Enter your account currency and balance.
Set the percentage or dollar amount you want to risk on the trade.
Enter your stop-loss distance in pips.
The calculator returns the position size in GBP and lots, along with the pip value for that size.
GBPJPY contract specification
Symbol
GBPJPY
Asset class
Cross currency pair
1 pip
0.01
Contract size (1 standard lot)
100,000 GBP
Quote currency
JPY
Pip value — Standard lot (1.0)
$6.40086
Pip value — Mini lot (0.1)
$0.640086
Pip value — Micro lot (0.01)
$0.064009
Swap (long, per lot per night)
3.09 points = $1.98
Swap (short, per lot per night)
-40.51 points = -$25.93
Swap data source
XM MT5, 2026-09-05
Points per pip
10
Pip values for non-USD-quoted instruments are recalculated at the live FX rate when this page loads — the line next to the calculator shows which rate is in use, and falls back to the rate recorded at build time if that lookup fails. Swap is one broker's snapshot taken on the date in the table above; it changes daily and differs by broker, so check your own contract spec for the figure that applies to you.
Trading GBPJPY
Spread and swap differ by broker, which changes what a position actually costs you.
One pip on GBPJPY equals 0.01 in price terms, so you count how many 0.01 increments sit between your entry and exit price. Because GBPJPY is quoted in JPY, the dollar value of that move still depends on the current exchange rate.
How much is one pip worth on GBPJPY?
For a standard lot (100,000 GBP), one pip is worth $6.40086. A mini lot is worth $0.640086 per pip, and a micro lot is worth $0.064009.
What is the pip value for a 0.01 lot GBPJPY?
A 0.01 lot is a micro lot, so one pip is worth $0.064009. Use the calculator to see the same figure for any other lot size you trade.
How do I calculate position size for GBPJPY?
Divide your dollar risk by your stop-loss distance in pips multiplied by the pip value for one lot. The calculator does this for you once you enter your risk amount and stop distance.
How is margin calculated for GBPJPY?
Margin is your position size in GBP multiplied by the current market price, divided by your account's leverage. Enter your leverage in the calculator and it applies this automatically to your chosen lot size.
What are the swap charges for GBPJPY?
XM MT5, 2026-09-05 shows a long swap of 3.09 points ($1.98 per standard lot held overnight) and a short swap of -40.51 points (-$25.93). Swap rates change daily and vary by broker, so check your own broker's contract spec for the figure that applies to your account.