CAD/JPY (Canadian dollar / Japanese yen) — Live Rate, Chart & Analysis
CAD/JPY combines two distinct macro forces: oil prices, because Canada is one of the largest crude exporters to the United States, and global risk sentiment, because the yen strengthens in risk-off episodes. The pair tends to rally when WTI…
About CAD/JPY
CAD/JPY combines two distinct macro forces: oil prices, because Canada is one of the largest crude exporters to the United States, and global risk sentiment, because the yen strengthens in risk-off episodes. The pair tends to rally when WTI rises and global equities are firm; it sells off when oil weakens or investors rotate into the yen. Typical daily range is 60-110 pips. Drivers include WTI, BoC and BoJ policy, Canadian jobs and CPI, and the same risk-on/risk-off signals that move AUD/JPY. Liquidity is best during the New York session with a meaningful Asian-session window for yen-side news. NewFXT shows CAD/JPY with live quotes, BoC and BoJ rate context and AI commentary.
CAD/JPY FAQ
What is CAD/JPY?
CAD/JPY is the exchange rate of the Canadian dollar against the Japanese yen. It is influenced by both oil prices (CAD side) and global risk sentiment (JPY side).
Why does CAD/JPY track oil?
Canada is one of the largest crude exporters to the United States. WTI strength supports the CAD, lifting CAD/JPY; oil weakness pushes the pair lower.
When is CAD/JPY most active?
Liquidity peaks during the New York session, when Canadian data and US oil inventories trade, with a meaningful Tokyo window for yen-side news.