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Currency outlook JPY/CAD

JPY to CAD Forecasts – Japanese yen to Canadian dollar

Latest JPY to CAD forecasts including bank predictions, key market drivers and recent trends for JPY/CAD. See where analysts expect the pair to move and the factors likely to influence it.

JPY to CAD Forecast & Outlook

18 Jul 2026 • 00:55 GMT

JPY/CAD 0.008634

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 0.0080 – 0.0090
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, JPY/CAD is trading near 60-day lows, holding close to its 3-month average. Risk sentiment remains risk-off, supported by safe-haven flows into the Japanese yen. Over the next few sessions, the pair may face pressure if risk conditions persist, potentially keeping the yen under gradual depreciation.

💸 Transfer implications

  • Expats: sending money to Canada may find current levels slightly less favourable than recent lows.
  • Travellers: exchanging yen for Canadian dollars might see support around current levels but could face pressure if the pair declines further.
  • Businesses: paying Canadian dollar invoices in yen may encounter less advantageous rates if the downtrend continues.

🧭 Key drivers

  • Rate gap: The Japanese yen remains relatively weak, with a policy stance that offers limited yield advantages over the Canadian dollar.
  • Risk/commodities: Risk-off environment favors safe-haven currencies, putting pressure on risk-sensitive FX like CAD.
  • Global factors: Global risk sentiment dominated by cautious market mood and commodity price fluctuations, especially oil.

⚠️ What could change it

  • Upside risk: A shift in risk sentiment toward risk-on could support the yen and reverse recent weakness.
  • Downside risk: Unexpected Japanese intervention or a sudden worsening of global risk conditions could further pressure the pair.

Finding providers with lower margins may help offset less favourable exchange conditions.

 

CADJPY Bank Forecasts to end of the year

The outlook for CADJPY by the end of the year reflects a bearish sentiment, primarily driven by Scotiabank's forecast. They project the pair to weaken, reaching 107.1 by Q4 2026, amidst pressures on the Canadian dollar from external factors like oil prices and U.S. Federal Reserve policy expectations. Meanwhile, the Japanese yen continues to experience weakness against the dollar, which could affect its performance against the Canadian dollar.

Big bank views

  • Scotiabank forecasts CADJPY at 107.1 by Q4 2026.
  • The Canadian dollar faces bearish sentiment due to speculative pressures and macroeconomic factors.
  • The Japanese yen's ongoing depreciation may prompt intervention.

What could change the outlook

  • Potential intervention by Japanese authorities to stabilize the yen.
  • Significant changes in U.S. Federal Reserve policy impacting global currency dynamics.
 

JPY-CAD Rate Calculator

 
 
   
   
   
   
   
 
 

JPY to CAD Market Data

Japanese yen (JPY) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell JPY   →   Buy CAD
1 JPY =
0.008635We compare provider deals to this wholesale mid-market rate. Read more
CAD
1d−0.2%▼
JPY to CAD at 0.008644 is just 0.6% below its 3-month average of 0.008695, having traded in a very stable 3.2% range from 0.008531 to 0.008803
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  1 CAD = 115.80 JPY

Compare & Save - Japanese yen to Canadian dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Japanese yen (JPY) to Canadian dollar (CAD) rates from different sources before making a conversion.

Use our JPY to CAD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Yen to Loonie currency rates and the possible savings of using various providers.

 
 

Will the Japanese yen rise against the Canadian dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Japanese yen vs Canadian dollar current value is to look the JPY/CAD historic rate and change over a range of periods.

The following table looks at the change in the JPY to CAD exchange rate over periods from the previous week back to the last 10 years.

DateJPY/CADPeriod
04 Jul 2026
0.008800
2 Week
19 Apr 2026
0.008612
3 Month
18 Jul 2025
0.009229
1 Year
19 Jul 2021
0.0116
5 Year
20 Jul 2016
0.0122
10 Year
23 Jul 2006
0.009778
20 Year
JPY/CAD historic rates

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add JPY/CAD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more