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CAD pair

CAD/JPY

CAD/JPY prices the Canadian dollar in yen. It combines a commodity-linked currency with a safe haven, so it often acts as a gauge of global risk appetite and oil sentiment.

Reference rate

110.988

Bank of Canada-derived · 2026-09-29

Pip value (10,000 units)

C$0.90

Pip size 0.01

Most active (ET)

7 p.m.–3 a.m. ET and 8 a.m.–noon ET.

CAD/JPY — last 120 Bank of Canada observations

2026-09-29 → 2026-04-09 · +3.56%

Latest
114.943
High
117.096
Low
110.865

What moves CAD/JPY

  • Oil prices
  • Bank of Canada vs Bank of Japan
  • Global risk sentiment

The Canadian angle

When markets panic, CAD/JPY often falls sharply — both legs move against each other.

Related: what moves the loonie · pip calculator · market hours

Registered brokers to trade CAD/JPY

  1. #1

    Interactive Brokers Canada

    CIRO-registered

    Best for: Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account

    Platforms
    TradingView
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.5/ 10
    Visit siteFull review
  2. #2

    Questrade

    CIRO-registered

    Best for: Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm

    Platforms
    Proprietary
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.4/ 10
    Visit siteFull review
  3. #3

    CMC Markets Canada

    CIRO-registered

    Best for: Traders who want the widest CFD and currency-pair range from a Canadian dealer

    Platforms
    MT4, TradingView
    FX pairs
    150+
    Min. deposit
    $0
    CIPF
    Yes

    ⚠ Alberta residents generally must qualify as accredited investors to trade CFDs.

    8.9/ 10
    Visit siteFull review

Questions

What is one pip worth on CAD/JPY in Canadian dollars?

A pip on CAD/JPY is 0.01. On 10,000 units that's 100 JPY, or about C$0.90 at the latest Bank of Canada rate.

When is CAD/JPY most active?

7 p.m.–3 a.m. ET and 8 a.m.–noon ET.

Where can Canadians trade CAD/JPY?

Through CIRO-registered dealers that offer forex, such as Interactive Brokers Canada, Questrade, CMC Markets Canada. Leverage on this pair is capped by CIRO margin rates.

Rates are Bank of Canada daily averages (cross rates derived via CAD) for information only — not trading prices or advice. Source: Bank of Canada.