GBP/USD
GBP/USD is the third world currency markets most liquid currency pair constituting 12% of the daily currency turnover. This pair is remarkable for its hard to control and high volatility movements and it’s absolutely not recommended for the newcomers as requires constant currency market updates. The world currency market signals sometimes are fallacy and the newcomers are easily mislead by this market movements. The British pound is as a rule moving in the same direction as the EUR/USD. Yet, sometimes this rule has exceptions. As the pound has a higher percent rate, it is considered a highly profitable currency.

Central Bank of the United Kingdom is the Bank of England. The percent rate raise initiated by the bank in the late 2006 and in 2007 have made the pound the absolutely highest rated currency respectively Euro.

USD/JPY
USD/JPY is the second european currency market most commonly traded pair with the 2007 daily volume 13% according to BIS. It is most actively traded during the Asian session and it’s spread is quite small. The real time currency market pair movements are gradual and the pair quickly reacts on rising risks on the financial markets. In this cases the Yen is as a rule getting stronger respectively other currencies as institutional investors are closing their «carry trade» deals.

The Japanese central bank is the Bank of Japan (BOJ). As the Japan economy is much dependant on export, the Bank is interested in Yen low rates respectively other currencies. Previously there used to be some cases when the Japanese Bank entered the Forex market selling Yen in exchange for USD and EUR and thus supporting national manufacturers who are exporting their products.

Summary
Each currency has some specifics and is influenced by different factors. A trader is obvious to understand these peculiarities and to choose a currency pair that matches their experience and profit expectations.