About CAD/JPY
What moves it
- The Canadian dollar side (Bank of Canada)
- Crude oil prices, Bank of Canada policy, and the health of trade with the United States.
- The Japanese yen side (Bank of Japan)
- The gap between Japanese and foreign bond yields, Bank of Japan policy shifts, and risk sentiment — the yen often strengthens when markets fall.
When it is most active
Most active during the Tokyo and New York sessions.
- Tokyo
- New York
See which sessions are open now, in your time zone
Pip value
One pip is 0.01. On a standard lot of 100,000 CAD, a one-pip move is worth 1,000 JPY. Your broker converts this into your account currency at the current rate.
Calculate pip value and position size
Trading notes
- In risk-off periods money tends to flow into the Japanese yen, so CAD/JPY often reacts to stock-market sell-offs.
Educational information only — not a recommendation to trade CAD/JPY. Prices and technical summaries come from TradingView and can differ slightly from your broker’s feed.