GBP / JPY

Methodology: This Forex seasonal is synthesised from two underlying CME futures seasonal datasets. The GBPJPY directional bias is derived by combining the British Pound CME futures seasonal tendency (direct — GBP is the base currency) with the inverse of the Japanese Yen CME futures seasonal tendency (JPY is the quote currency — inverted, since JPY strength means fewer JPY per unit of GBP). The calendar is unusually dramatic: February brings a dual-trough stand-off as both currencies base simultaneously, March collides both currencies' single strongest early-year rallies head-on, April is a rare dual-flip month, July sees JPY's single highest-conviction rally of its year overwhelm GBP outright, and September stages the defining collision — GBP's secondary-trough decline against JPY's single highest-conviction short of its entire year.