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CAD/JPY

Canadian dollar (CAD) to Japanese yen (JPY) exchange rate.

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: CurrenciesMarket: Global
Trading Hours: 24 hours, Mon-Fri.
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Description:

Canadian dollar to Japanese yen (CAD/JPY) is one of the leading cross currencies of the yen. CAD (nicknamed loonie) and JPY (nicknamed Ninja) are both among the 6 most-actively traded currencies in the world. The CAD/JPY currency pair indicates how much of the yen is needed to buy one loonie. Among others, factors to take into account when considering to trade the CAD/JPY are Canada and Japan's respective economic policies and unemployment rates, exports and imports statics and gross domestic product (GDP) growth.

Interesting Facts:

  • Japanese yen and Canadian dollar are both Majors. They are also the 3rd and 5th most held reserve currencies in the world (accounting for approximately 14% and 2% of all global reserves, respectively).
  • Canada has the 9th largest economy in the world, based on gross domestic product (GDP), and the 14th largest, based on purchasing power parity (PPP). It's the 5th largest energy producer, the 7th largest producer of crude oil, and is overall one of the richest countries in the world.
  • Japan holds the number 3 spot of the world's strongest economies, with regard to nominal gross domestic product growth, and the number 4 spot, with regard to purchasing power parity.
  • Changes in the exchange rates of other JPY crosses such as USD/JPY, EUR/JPY, GBP/JPY and CHF/JPY, tend to also affect the CAD/JPY.
 
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