The CAD/JPY (CADJPY) is one of the world's most popular cross-currency pairs, representing the exchange rate between the Canadian dollar (CAD), commonly known as the "Loonie," and the Japanese yen (JPY). Widely followed by forex traders, CADJPY is a key benchmark for carry trade strategies, commodity-driven trading, and global risk sentiment.
The CAD/JPY exchange rate is primarily influenced by monetary policy decisions from the Bank of Canada (BoC) and the Bank of Japan (BoJ), interest rate differentials, crude oil prices, inflation data, Canadian and Japanese economic indicators, government bond yields, and overall market risk appetite. As the Canadian dollar is closely tied to the energy sector and commodity exports, while the Japanese yen is traditionally viewed as a safe-haven currency, CADJPY often reflects shifts between risk-on and risk-off sentiment as well as changes in global energy markets.
This page provides CAD/JPY forecasts, technical analysis, economic calendar events, key support and resistance levels, forward points, margin zones, CME futures positioning, market statistics, and regularly updated trading insights for both intraday and swing traders.
CAD/JPY (CADJPY)
The CAD/JPY exchange rate is primarily influenced by monetary policy decisions from the Bank of Canada (BoC) and the Bank of Japan (BoJ), interest rate differentials, crude oil prices, inflation data, Canadian and Japanese economic indicators, government bond yields, and overall market risk appetite. As the Canadian dollar is closely tied to the energy sector and commodity exports, while the Japanese yen is traditionally viewed as a safe-haven currency, CADJPY often reflects shifts between risk-on and risk-off sentiment as well as changes in global energy markets.
This page provides CAD/JPY forecasts, technical analysis, economic calendar events, key support and resistance levels, forward points, margin zones, CME futures positioning, market statistics, and regularly updated trading insights for both intraday and swing traders.
Trading Specifications CADJPYrfd
ℹ INFO
| Specification | Details |
|---|---|
| Symbol | CAD/JPY (CADJPY) |
| Asset Class | Major Forex Cross Currency Pair |
| Base Currency | Canadian Dollar (CAD / Loonie) |
| Quote Currency | Japanese Yen (JPY) |
| Min. Price Increment | 0.01 (1 pip) |
| Trading Hours | 24 hours, Monday–Friday |
| Most Active Trading Period | 00:00–09:00 UTC (Asian session), with additional volatility during the North American session |
| Key Market Drivers | Bank of Canada (BoC) decisions, Bank of Japan (BoJ) policy, interest rate differentials, crude oil prices, Canadian economic data, inflation, global risk sentiment |
| Correlation | Generally strengthens during risk-on markets and rising crude oil prices, while weakening during risk-off periods as demand for the Japanese yen increases |
Forward Points
USDCAD
D6U26 (Sep '26)
Sep 2026
-30.11 pips
D6Z26 (Dec '26)
Dec 2026
-91.13 pips
D6H27 (Mar '27)
Mar 2027
-138.97 pips
D6M27 (Jun '27)
Jun 2027
-194.22 pips
USDJPY
J6U26 (Sep '26)
Sep 2026
-67.20 pips
J6Z26 (Dec '26)
Dec 2026
-192.79 pips
J6H27 (Mar '27)
Mar 2027
-315.82 pips
J6M27 (Jun '27)
Jun 2027
-395.10 pips
Marginal Data CADJPYrfd
Margin
$575000
2026-07-29
Point Cost
$2000.00
per 1 pp
Points
288 pp
margin / cost
Economic Calendar (High Impact Events) CADJPYrfd
Current Week (27.07–02.08)
| Time | Event | Cur. | Actual | Forecast | Prev. | Eff. |
|---|---|---|---|---|---|---|
| 31.07 02:30 | Tokyo CPI excl. Food and Energy y/y | JPY | 1.7% | 1.9% | — | |
| 31.07 02:50 | Retail Sales m/m | JPY | -1.5% | 1.9% | — | |
| 31.07 05:30 | BoJ Interest Rate Decision | JPY | 1.0% | — | ||
| 31.07 09:30 | BoJ Press Conference | JPY | — | |||
| 28.07 08:00 | BoJ Trimmed Mean Core CPI y/y | JPY | 2.7% | 2.7% | 2.7% | — |
| 28.07 08:00 | BoJ Weighted Median Core CPI y/y | JPY | 1.5% | 1.7% | 1.4% | — |
| 31.07 02:30 | Tokyo Core CPI y/y | JPY | 2.1% | 1.6% | — | |
| 31.07 02:50 | Large Retailer's Sales y/y | JPY | 3.5% | 5.0% | — |
Latest News CADJPY
29.07.2026
Multiple Dead After 7.1-Magnitude Quake Hits Japan
Rescuers continued the hunt for survivors in the ruins of a shopping mall on the southwestern island of Kyushu on Wednesday, after a major earthquake in which multiple people have been confirmed dead.
The quake hit a region that is a hub for Japan's semiconductor industry, housing names like TSMC a...
29.07.2026
Japan’s GPIF Boosts JGB Expertise by Employing Active Bond Funds
Japan’s Government Pension Investment Fund hired active domestic bond funds for the first time in five years, a recognition that one of the world’s biggest retirement money managers needs to increase its expertise to deal with volatility in the nation’s debt market.
28.07.2026
Japan’s Tax Panel Chair Reiterates Proposal for 1% Food Levy
Japan should cut the sales tax on food and drinks to 1% and use cash handouts to offset the remaining 1 percentage point, the chair of a cross-party panel on the issue reiterated after the group failed to reach a consensus.
28.07.2026
Japan Earthquake Leaves 13 Dead
Rescuers continued the hunt for survivors in the ruins of a shopping mall on the southwestern island of Kyushu on Wednesday, after a major earthquake in which 13 people have been confirmed dead so far. (Source: Bloomberg)
28.07.2026
Japan Signals Steady Minimum Wage Gains, Backing BOJ’s Hike Path
Japan aims to keep minimum wages rising steadily, signaling income growth across a broad spectrum of the economy remains resilient as the Bank of Japan seeks evidence that pay gains are supporting domestic demand.
Latest Analysis Threads CADJPYrfd
- CADJPY Analysis for July 24, 202624.07.2026
FAQ CADJPYrfd
What is CAD/JPY (CADJPY)?
CAD/JPY is the exchange rate between the Canadian dollar and the Japanese yen. It is one of the most actively traded Forex cross currency pairs and is popular among traders who focus on commodity markets, interest rate differentials, and global risk sentiment.
Why is CAD/JPY closely linked to crude oil prices?
Canada is one of the world's largest crude oil exporters, making the Canadian dollar sensitive to energy prices. Rising oil prices often strengthen the Canadian dollar, while falling oil prices can put pressure on CAD and influence the CAD/JPY exchange rate.
Why is CAD/JPY popular for carry trade strategies?
CAD/JPY is frequently used in carry trades because the Bank of Canada has historically maintained higher interest rates than the Bank of Japan. Traders may benefit from the interest rate differential while also seeking gains from price movements.
What moves the CAD/JPY exchange rate?
CAD/JPY is primarily influenced by Bank of Canada (BoC) and Bank of Japan (BoJ) monetary policy, interest rate expectations, crude oil prices, Canadian and Japanese economic data, inflation, and overall global risk sentiment.
When is CAD/JPY most active?
CAD/JPY experiences the highest trading activity during the Asian session and again during the North American session, especially when major Canadian economic reports, BoC announcements, or oil market news are released.
Can technical analysis be used to trade CAD/JPY?
Yes. Traders commonly use support and resistance levels, Price Action, trend analysis, moving averages, RSI, MACD, Margin Zones, and CME futures positioning while also monitoring central bank policy and developments in the global energy market.
Last edited:
