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
-27.79 pips
D6Z26 (Dec '26)
Dec 2026
-91.75 pips
D6H27 (Mar '27)
Mar 2027
-164.15 pips
D6M27 (Jun '27)
Jun 2027
-219.86 pips
USDJPY
J6U26 (Sep '26)
Sep 2026
-49.74 pips
J6Z26 (Dec '26)
Dec 2026
-167.55 pips
J6H27 (Mar '27)
Mar 2027
-328.27 pips
J6M27 (Jun '27)
Jun 2027
-450.53 pips
Marginal Data CADJPYrfd
Margin
$575000
2026-07-30
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
30.07.2026
Japan Earthquake Insurance Claims May Exceed $1.1 Billion, BI Estimates
Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated.
30.07.2026
Japan’s Two-Year Bond Sale Draws Weaker Demand on Rate Hike Bets
Japan’s two-year government bond auction Thursday saw lower demand than the 12-month average amid growing expectations of central bank tightening.
30.07.2026
Chubu and Tokyo Electric Slide as High Fuel Costs Curb Profits
Chubu Electric Co. and Tokyo Electric Power Co. shares fell after the Japanese utilities said their quarterly earnings were impacted by surging fuel costs, which coincided with the end of a power supply agreement.
30.07.2026
Japan’s Takaichi Calls for Food Sales Tax Cut to 1% for 2 Years
Japanese Prime Minister Sanae Takaichi has decided to temporarily cut the sales tax on food and soft drinks to 1% from April next year, a top executive in the ruling party said, in a sign the premier is moving ahead with a key pledge after months of political deadlock.
29.07.2026
Japan Trims Its Economic Outlook as Oil Prices Weigh on Growth
Japan lowered its economic growth forecast for the current fiscal year, reflecting expectations that higher oil prices driven by tensions in the Middle East will weigh on domestic demand and add urgency to Prime Minister Sanae Takaichi’s efforts to address rising costs of living.
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.
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