Convert CAD to JPY - Canadian dollar to Japanese yen Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE CAD/JPY EXCHANGE RATE
The CAD/JPY symbol stands for the trading of the Canadian dollar against the Japanese yen, one of the more interesting pairs to trade in the forex market. This forex pair experiences high volatility and is driven by the market sentiment, owing to the Canadian dollar being a commodity currency while the JPY is one of the most important safe haven currencies.When the markets trade with a risk-on sentiment, the CAD strengthens and turns this pair bullish. On the other hand, a risk-off mood in the markets drives traders away from riskier currencies like the CAD and into the safety of the JPY, turning this pair bearish. This is because uncertainty in the markets makes it riskier to trade volatile currencies like the Canadian dollar, sending traders towards a more stable and reliable currency like the Japanese yen instead.With market volatility being a major driver of price action in this currency pair, trading the CAD/JPY can be exciting but it requires considerable skill and understanding of fundamentals and technical indicators. With careful analysis, experienced forex traders can better understand how to trade this forex pair in a profitable manner and place more informed trades that have a higher likelihood of returning profits instead of ending in losses.
CAD to JPY CONVERSION RATES
CAD
JPY
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JPY
CAD
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CAD to JPY CHARTS
CAD/JPY Live Chart
CAD/JPY Historical Chart
CAD to JPY EXCHANGE RATE - FAQ
How volatile are CAD and JPY?

On average, the CAD/JPY experiences a movement of around 70 pips.

How do the prices of crude oil impact the value of the CAD/JPY?

Canada is a key exporter of crude oil and its economy is closely linked to exports of this key commodity. As a result, whenever crude oil prices rise, the Canadian economy and currency strengthen. The positive correlation between crude oil and CAD means that whenever crude oil strengthens, the CAD also makes gains and turns CAD/JPY bullish, and vice versa.

What are the key economic events that drive price action in the CAD/JPY currency pair?

In addition to the market sentiment, CAD/JPY also experiences significant volatility upon the release of key economic data from Canada and Japan, including GDP, employment, inflation, consumer confidence, business sentiment, PMI readings for the manufacturing and services sectors, as well as trade balance.