109.505 JPY
+1.26 (+1.16%)

CADJPY Key Statistics

Open price
108.248
High today
109.734
Low today
107.665
52 Week high
118.857
52 Week low
101.644
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
Similar instruments
AUDCAD
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AUDJPY
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AUDNZD
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AUDUSD
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CADCHF
0.632 
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CADJPY
109.505 
+1.26 (+1.16%)  
CHFJPY
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CHFPLN
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EURAUD
1.615 
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EURCAD
1.49 
-0.01 (-0.35%)  
EURCHF
0.942 
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EURCZK
25.325 
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EURDKK
7.453 
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EURGBP
0.836 
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EURHKD
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EURHUF
401.179 
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EURJPY
163.135 
+1.32 (+0.82%)  
EURMXN
21.142 
-0.20 (-0.95%)  
EURNOK
11.695 
+0.00 (+0.02%)  
EURNZD
1.781 
+0.01 (+0.31%)  
EURPLN
4.316 
+0.01 (+0.23%)  
EURRUB
103.322 
-0.75 (-0.72%)  
EURSEK
11.378 
+0.01 (+0.08%)  
EURSGD
1.431 
+0.00 (+0.07%)  
EURTRY
37.622 
-0.19 (-0.50%)  
EURUSD
1.097 
-0.01 (-0.55%)  
EURZAR
19.171 
-0.12 (-0.64%)  
GBPAUD
1.931 
+0.01 (+0.72%)  
GBPCAD
1.781 
+0.00 (+0.15%)  
GBPCHF
1.126 
+0.01 (+0.67%)  
GBPHKD
10.191 
-0.01 (-0.07%)  
GBPJPY
195.082 
+2.53 (+1.31%)  
GBPNZD
2.13 
+0.02 (+0.80%)  
GBPUSD
1.312 
-0.00 (-0.06%)  
NZDCAD
0.836 
-0.01 (-0.65%)  
NZDCHF
0.529 
-0.00 (-0.13%)  
NZDJPY
91.573 
+0.46 (+0.51%)  
NZDUSD
0.616 
-0.01 (-0.86%)  
USDCAD
1.357 
+0.00 (+0.21%)  
USDCHF
0.858 
+0.01 (+0.73%)  
USDCNH
7.098 
+0.05 (+0.68%)  
USDCZK
23.073 
+0.15 (+0.66%)  
USDDKK
6.792 
+0.03 (+0.47%)  
USDHKD
7.766 
-0.00 (-0.01%)  
USDHUF
365.596 
+1.74 (+0.48%)  
USDILS
3.806 
+0.02 (+0.61%)  
USDJPY
148.655 
+2.02 (+1.38%)  
USDKRW
1 333.2 
+14.40 (+1.09%)  
USDMXN
19.272 
-0.08 (-0.39%)  
USDNOK
10.655 
+0.06 (+0.56%)  
USDPLN
3.933 
+0.03 (+0.77%)  
USDRUB
94.34 
-0.30 (-0.31%)  
USDSEK
10.367 
+0.06 (+0.62%)  
USDSGD
1.304 
+0.01 (+0.63%)  
USDTRY
34.261 
+0.03 (+0.09%)  
USDZAR
17.471 
-0.01 (-0.08%)  

About CADJPY

CADJPY, also called Loonie Yen, is the forex quote for the Canadian dollar (CAD) against the Japanese yen. This currency pair is widely sought after by traders and investors because it follows two of the largest and most prominent economies globally ­– Canada and Japan. CADJPY tracks how many Japanese yen are needed to buy one Canadian dollar based on the global marketplace.

What is CADJPY?

The CADJPY is a currency pair of Canada and Japan, and the pair tells about the number of JPY required to buy one CAD. This currency pair is also known as Loonie Yen and is a minor forex pair. The pair strongly correlates to AUDJPY and USDJPY because the U.S. is Canada's largest trade partner, and Australia is Japan's. Due to these reasons, when traders are wary of trading the USDJPY or AUDJPY, they can substitute them with CADJPY.

The volatility of CADJPY depends on several factors. The economic data releases tell about the performance of the economy, for instance, the country's GDP, employment, inflation, etc. Positive financial data releases from Canada or Japan might lead to an appreciation of their respective currencies, ultimately increasing the pair's exchange rate value. Additionally, the monetary policies of the Bank of Canada and the Bank of Japan significantly impact the exchange rate of the CADJPY pair. Understanding these aspects is vital for everyone who wants to know how to invest in CADJPY.

How Does CADJPY Work?

The Loonie Yen is generally considered a moderately liquid currency pair, which means it is not as heavily traded as some major currency pairs like EURUSD or USDJPY. Still, it has sufficient trading activity to allow for the efficient execution of trades. However, the pair's liquidity dramatically varies depending on the market conditions and the time.

CADJPY investors open an account through the SimpleFX platform with Webtrader and several features. Next, they must deposit funds in the account to start placing buying and selling orders. However, investors eager to learn how to trade CADJPY risk-free can start with a demo account on the platform.

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