Forex Zambia
1 CAD = 112.3482 JPY
Indicative rate, updated 7 hours ago. Not a live dealing rate - confirm with your broker before trading.
A live technical-analysis reading for CAD/JPY, from Strong Sell to Strong Buy, updated automatically by TradingView. Forex has no reliable, freely-published Fear & Greed Index the way stocks or crypto do, so this momentum-based gauge is shown instead.
CAD/JPY is a cross pair - traded without the US Dollar as an intermediary - driven by Bank of Canada policy and oil prices, given Canada's status as a major oil exporter and Bank of Japan policy and its role as a safe-haven currency. Cross pairs can be more volatile than majors since two independent economies drive the price at once.
Rates shown here are indicative only. Confirm the exact rate and spread with your broker before trading.
Latest
111.430
25 Sep 2026
Highest on record
124.360
7 Nov 2007
Lowest on record
68.8520
23 Dec 1999
12-month average
113.348
105.280 – 117.070
Over the past year CAD/JPY has risen 4.03%, meaning the CAD has strengthened against the JPY. In the last 30 days it has moved down 2.89%. Across the last 12 months it traded between 105.280 and 117.070. Its highest level in the available history (since 1999) was 124.360 on 7 Nov 2007, and its lowest was 68.8520 on 23 Dec 1999.
Based on daily data from 4 Jan 1999 to 25 Sep 2026. Source: ECB reference rates (via Frankfurter). A rising rate means the CAD is strengthening against the JPY. Past performance does not predict future results.
A pair's price is one currency's value measured against another, so the economy behind each side matters.
Canada · Bank of Canada (BoC) · Free float
The "Loonie" is a commodity currency closely tied to oil prices and to the health of the US economy, which buys the large majority of Canadian exports.
Japan · Bank of Japan (BoJ) · Free float
The Yen is the world's third most-traded currency and a classic safe haven. Japan's very low interest rates for decades made the Yen the favourite funding currency for "carry trades".
The Japanese Yen is a traditional safe haven. In periods of market stress, investors tend to move money into it, which often pushes it higher against the Canadian Dollar even when local economic data is unchanged. Because the Canadian Dollar tends to do well when investors are optimistic, CAD/JPY is widely watched as a barometer of global risk appetite.
Central-bank policy matters on both sides: the Bank of Canada (BoC) and the Bank of Japan (BoJ). When one of them is expected to keep interest rates higher than the other, that currency usually attracts capital and strengthens; a narrowing gap tends to reverse the move.
USD/CAD usually moves inversely to oil
Reflects US demand for Canadian exports
USD/JPY tends to rise and fall with US yields
A weaker Yen typically supports Japanese exporters' shares
1995 JPY
USD/JPY fell to below 80, then a record low for the Dollar against the Yen.
2002 CAD
The Canadian Dollar hit an all-time low near 62 US cents.
2007 CAD
Boosted by a commodity boom, it briefly traded above parity with the US Dollar.
2011 JPY
After the Fukushima earthquake the Yen surged to postwar highs before coordinated G7 intervention.
2012–15 JPY
"Abenomics" and massive monetary easing drove a large Yen depreciation.
2014–16 CAD
The oil price collapse pushed the Loonie back down towards 70 US cents.
2022–24 JPY
A wide US–Japan rate gap pushed USD/JPY to multi-decade highs, prompting Japanese intervention and a sharp carry-trade unwind in August 2024.
CAD/JPY is a cross pair, traded without the US Dollar. It is a useful way to practise analysing two economies at once, though spreads are usually wider than on the majors.
Compare brokers offering these pairs →Most active: New York session • Tokyo session and the London open
1 CAD is worth about 112.348 JPY (indicative, updated 7 hours ago). Always confirm the exact rate with your bank or broker before you convert or trade.
In the data we track (since 4 Jan 1999), CAD/JPY peaked at 124.360 on 7 Nov 2007 and bottomed at 68.8520 on 23 Dec 1999.
CAD/JPY is influenced by the relative strength of the Canadian Dollar and the Japanese Yen. Key factors include: Oil prices, Bank of Canada policy, Bank of Japan policy, US–Japan interest-rate gap. See the sections above for the full list.
Activity and liquidity are typically highest during: New York session • Tokyo session and the London open. Spreads are usually tighter when the relevant markets are open.
CAD/JPY can be more volatile or carry wider spreads than the major pairs, so it usually suits experienced traders better. If you are new, start with a demo account and a major pair. Trading forex carries a high risk of loss.
This page is educational and is not investment advice. Rates, statistics and commentary are indicative and may contain errors or be out of date. Forex and CFD trading carries a high risk of loss.