GBP/JPY Average Daily Range
https://fxabsolute.com/stats/GBPJPY.json.
How much does GBP/JPY actually move in a day?
The average is 139.3 pips, but an average alone is misleading for position sizing because the distribution is skewed — a handful of violent days pull it upward. The median day is 119.8 pips, and the middle half of all days falls between 81.4 and 172.9. One day in twenty exceeds 306.
The widest single day in the sample was 842.6 pips; the quietest was 16.7. If a stop is sized off the average rather than the quartiles, roughly a quarter of days will move less than it expects and a quarter considerably more.
Which hours move, and which do not
GBP/JPY concentrates its movement into a narrow window. The busiest hour is 14:00–15:00 UTC at 44.5 pips — the London/New York overlap — and the quietest is 20:00–21:00 UTC at 18.6. That is a 2.4× difference between the loudest and quietest hour of the same instrument.
| Hour (UTC) | Session | Avg range | Median | Closed up |
|---|---|---|---|---|
| 00:00–01:00 UTC | Asian | 33.7 | 29.2 | 50.6% |
| 01:00–02:00 UTC | Asian | 30.4 | 25.8 | 49.1% |
| 02:00–03:00 UTC | Asian | 24.7 | 20.5 | 54.5% |
| 03:00–04:00 UTC | Asian | 22.5 | 17.7 | 49.4% |
| 04:00–05:00 UTC | Asian | 21.7 | 17.4 | 51.2% |
| 05:00–06:00 UTC | Asian | 23.8 | 19.8 | 53.3% |
| 06:00–07:00 UTC | Asian | 32.7 | 27 | 53.5% |
| 07:00–08:00 UTC | London | 40.8 | 34.9 | 54.1% |
| 08:00–09:00 UTC | London | 40.3 | 35.1 | 52.1% |
| 09:00–10:00 UTC | London | 35.2 | 29.8 | 54.3% |
| 10:00–11:00 UTC | London | 31.5 | 27.4 | 50.4% |
| 11:00–12:00 UTC | London | 32.7 | 27.3 | 49.6% |
| 12:00–13:00 UTC | London/New York overlap | 38.5 | 32.1 | 52.5% |
| 13:00–14:00 UTC | London/New York overlap | 40.8 | 35.2 | 51.8% |
| 14:00–15:00 UTC | London/New York overlap | 44.5 | 38.5 | 51.2% |
| 15:00–16:00 UTC | London/New York overlap | 38.4 | 32.8 | 53.1% |
| 16:00–17:00 UTC | New York | 29.2 | 24.9 | 52.2% |
| 17:00–18:00 UTC | New York | 25.2 | 21.5 | 52.2% |
| 18:00–19:00 UTC | New York | 23 | 18.6 | 52.4% |
| 19:00–20:00 UTC | New York | 20.6 | 16.7 | 53.9% |
| 20:00–21:00 UTC | New York | 18.6 | 14.9 | 44.5% |
| 21:00–22:00 UTC | Late New York / Asian open | 21.2 | 18.5 | 59.1% |
| 22:00–23:00 UTC | Late New York / Asian open | 23 | 18.8 | 65.2% |
| 23:00–00:00 UTC | Late New York / Asian open | 24 | 19.4 | 57.4% |
The "closed up" column is a sanity check as much as anything: across a large sample most hours sit near 50%, and any hour drifting far from it is worth a second look rather than a strategy.
Does the day of the week matter?
Among full trading days, Thursday is the widest at 165.9 pips; Monday is the narrowest at 146.8. The spread between them is 19.1 pips.
| Day | Avg daily range | Minutes quoted | Days sampled |
|---|---|---|---|
| Sunday (partial session) | 55.5 | 149 | 268 |
| Monday | 146.8 | 1,425 | 272 |
| Tuesday | 154.5 | 1,434 | 275 |
| Wednesday | 154.4 | 1,426 | 268 |
| Thursday | 165.9 | 1,426 | 272 |
| Friday | 157.3 | 1,282 | 271 |
Sunday is a partial session — the week opens late, so the file holds about 149 minutes for it against roughly 1,434 for a full weekday. Its range is not comparable to the others and it is excluded from the comparison above.
The gap nobody backtests
Between one session's close and the next session's open, GBP/JPY gaps a median of 0.2 pips, but the 95th percentile is 32.94 and the largest in the sample was 314.7. Across a weekend the 95th percentile is 64.91. A stop sitting inside that distance did not get filled where the backtest says it did.
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Questions
What is the average daily range of GBPJPY?
139.3 pips, measured across 1,939,025 one-minute candles from 2021-01-03 to 2026-04-30. The median day is 119.8 pips, which is the more useful number for sizing because the average is pulled up by outliers.
What is the most volatile hour for GBPJPY?
14:00–15:00 UTC, averaging 44.5 pips — the London/New York overlap. The quietest is 20:00–21:00 UTC at 18.6 pips.
How wide can GBPJPY move on an extreme day?
One day in twenty exceeds 306 pips. The widest day in this sample reached 842.6 pips.
Where does this data come from?
From the same historical one-minute candles the FXAbsolute simulator replays — 1,939,025 bars covering 2021-01-03 to 2026-04-30. The computed figures are published as JSON at https://fxabsolute.com/stats/GBPJPY.json so they can be checked.
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What does “GBP/JPY Average Daily Range” mean for a beginner?
This page focuses on “GBP/JPY Average Daily Range”.GBP/JPY averages 139.3 pips per day, median 119.8, measured across 1,939,025 one-minute candles from 2021-01-03 to 2026-04-30. Full hour-by-hour and weekday breakdown.For “GBP/JPY Average Daily Range”, a beginner should identify what the evidence guide measures, assumes or teaches before acting on its conclusion.Treat this page's account of “GBP/JPY Average Daily Range” as a learning reference rather than a prediction, signal or promise of future performance.
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For “GBP/JPY Average Daily Range”, confirm the population, sample size, clock, units and calculation behind the headline number.While exploring “GBP/JPY Average Daily Range”, compare the median, spread of outcomes and exceptions instead of reading only the average or best row.Keep your “GBP/JPY Average Daily Range” record honest: use the statistic to frame a test or risk assumption, not to predict the next candle.Before leaving “GBP/JPY Average Daily Range”, recheck the result on a separate period before turning a descriptive pattern into a rule.
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