CADJPY

CADJPY • Forex

Current Price: 104.489

About Canadian Dollar - Japanese Yen

The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.

How is CADJPY exchange rate calculated?
The value of the CADJPY pair is quoted as 1 CAD per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 CAD.

What is CADJPY volatility?
The term volatility describes the risk related to the changes in an asset's value. CADJPY has the volatility rating of 1.93%. Track all currencies' changes with our live Forex Heat-map and prepare for markets volatility.

What kind of pair CADJPY?
CADJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.