CADJPY trading CADJPY
Trade CADJPY CFDs with spreads 49% tighter1 than the industry average, and the fastest withdrawals in the market.2
Trade the Canadian dollar against the Japanese yen with CADJPY, a forex pair that combines the oil-sensitive Canadian dollar and the Japanese yen.
Multiple factors influence CADJPY, including oil prices, central bank policy, Japanese yield expectations, and global market sentiment. Keep these in mind when analyzing price movements or planning your trades.
Follow the live CADJPY chart and use our trading calculator to estimate margin and potential trading costs.
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The price chart is indicative and based on the instrument’s Ask price. For real-time quotes, please refer to the trading platform. The results presented by the calculator are for educational and estimation purposes and you should not rely on them as being complete or for making investment decisions. Real-time results can only be determined at the time of order execution. Spreads in the above table are averages based on the previous trading day. Spreads may fluctuate and widen due to factors including market volatility, news releases, economic events, when markets open or close, and the type of instruments being traded.
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What is CADJPY?
CADJPY is a minor forex pair that measures the value of the Canadian dollar (CAD) against the Japanese yen (JPY). Trading CADJPY CFDs allows you to speculate on exchange rate movements without owning either currency.
If you trade CADJPY, here are three key factors that can influence its price:
Central bank policy
Rate decisions and guidance from the Bank of Canada (BoC) and Bank of Japan (BoJ) can influence interest rate expectations and demand for each currency.
Oil prices
Canada is a major oil exporter, so changes in crude oil prices can influence the Canadian dollar. Higher oil prices may support CAD, while lower oil prices may weaken it. However, central bank policy, economic data, and global market sentiment can outweigh oil’s influence on the pair.
Risk sentiment
The Japanese yen can strengthen during periods of market uncertainty or when yen-funded positions decline. Changes in investor confidence, carry-trade positioning, and expectations around Bank of Japan policy can therefore influence CADJPY.
Diversify your portfolio with other forex pairs
USDCAD
The US dollar vs. the Canadian dollar. Trade a major forex pair influenced by central bank decisions, economic data, and oil prices in Canada and the US.
USDJPY
The US dollar vs. the Japanese yen. Explore a major forex pair influenced by interest rate differences, central bank decisions, and economic data from the US and Japan.
AUDJPY
The Australian dollar vs. the Japanese yen. Diversify with a cross influenced by interest rate differences, commodity demand, economic developments, and changes in global market sentiment.
How to start trading CADJPY CFDs online
Step 1
Open an account
Sign up and practice trading CADJPY on a free demo account without risking real money.
Step 2
Develop a strategy
Monitor BoC and BoJ decisions, oil prices, Canadian economic data, Japanese yield expectations, and changes in global market sentiment to help plan your trades.
Step 3
Place your trade
Use our trading calculator to estimate margin requirements and trading costs. Then, place your CADJPY CFD trade on the trading platform.
Frequently asked questions
CADJPY pairs the Canadian dollar (CAD) with the Japanese yen (JPY). CAD is the base currency, while JPY is the quote currency. The price shows how many Japanese yen equal one Canadian dollar.
CADJPY shows how many Japanese yen equal one Canadian dollar. For example, a quote of 105.00 means 1 CAD is worth 105 JPY. When CADJPY rises, the Canadian dollar strengthens against the Japanese yen. When it falls, the Canadian dollar weakens.
This example is for illustration only and does not reflect live prices.
Central bank policy, oil prices, economic data, Japanese yield expectations, and global market sentiment influence CADJPY. Announcements from the Bank of Canada and Bank of Japan can also affect the exchange rate by changing the outlook for either currency.
CADJPY might not be suitable for all beginners, as both currencies can be influenced by central bank decisions, economic data, oil prices, and changes in global market sentiment. You can practice trading CADJPY on a free demo account to learn how to read charts, estimate trading costs, and manage position sizes before trading with real money.
The amount needed to trade CADJPY depends on your position size, leverage, account currency, and margin requirements. This is separate from your account’s minimum deposit. Use our trading calculator to estimate the required margin and check your account’s funding requirements before trading live.
Yes. You can trade CADJPY CFDs with leverage at Exness. Available leverage depends on the instrument’s margin requirements, trading conditions, and applicable account limits. It may also decrease during periods of higher margin requirements. Leverage can amplify both potential profits and losses, so check your account’s requirements before trading.
CADJPY spreads depend on your account type and market conditions. The table above shows average spreads from the previous trading day, which may differ from live prices. Check the current bid and ask prices on the trading platform, along with any applicable commissions.
Oil prices can influence CADJPY through the Canadian dollar because Canada is a major oil exporter. Higher oil prices may strengthen CAD, causing CADJPY to rise if the Japanese yen remains unchanged. However, Bank of Japan policy, Japanese yield expectations, safe-haven demand, and global market sentiment can also influence the exchange rate.
Exness offers CADJPY CFDs with live price charts, a trading calculator to estimate costs, and a free demo account to practise trading. Check your account’s trading conditions to see if they suit your strategy.
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Trade CADJPY CFDs with spreads 49% tighter than the industry average.1
- Exness Pro account had the lowest median spreads out of 16 brokers on CADJPY, in the week of 5-10 April 2026, comparing tightest spread-only accounts across brokers.
- At Exness, over 98% of withdrawals are processed automatically. Processing times may vary depending on the chosen payment method.
- Delays and slippage may occur. No guarantee of execution speed or precision is provided.
- Trading is risky. T&Cs apply.