The CAD/JPY exchange rate has been influenced by a combination of oil price movements and broader economic sentiments. Currently, the exchange rate stands at approximately 104.8, which is slightly above its three-month average, indicating relative stability with a recent trading range of 6.2% from 101.8 to 108.1. Analysts note that the Canadian dollar (CAD), closely linked to oil prices, experienced fluctuations in value as oil markets wavered. Recent data shows that oil has hit 90-day lows near 61.29, which is significantly 13.2% below its three-month average of 70.61. This downturn in oil prices and the fluctuating nature of commodity-linked currencies such as the CAD suggest that continued volatility can be expected.
While Canada’s economic data is sparse, experts believe that the CAD's movement will largely be dictated by oil prices and shifts in the U.S. dollar. With Canada being a major oil exporter, decreases in oil prices typically place downward pressure on the CAD due to reduced demand for Canadian exports. Additionally, any fluctuations in interest rate decisions from the Bank of Canada (BoC) will significantly impact investor sentiment towards CAD.
On the other hand, the Japanese yen (JPY) has recently benefitted as a safe-haven currency amid rising global tensions and trade disputes, particularly those stemming from U.S. tariffs on Japanese goods. This has led to a strengthening of the yen, with analysts suggesting that the JPY will continue to be favored in risk-averse environments. However, there are indications that Japan’s economic stability may not fully support the yen’s function as a “safe haven,” given ongoing economic challenges in the region.
Looking ahead, analysts foresee that the CAD will continue to be shaped significantly by oil market dynamics, with upcoming trade negotiations and potential geopolitical developments further affecting the JPY. Therefore, for those engaging in CAD/JPY transactions, close monitoring of oil market trends, U.S.-Canada trade relations, and global economic sentiments will be crucial for making informed decisions.
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JPY to CAD Market Data
Japanese yen (JPY) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
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1 JPY
=
0.009538We compare provider deals to this wholesale mid-market rate. Read more
CAD▲+0.1%
30d-lows
JPY to CAD at 0.009538 is just 0.5% below its 3-month average of 0.009587, having traded in a relatively stable 6.2% range from 0.009250 to 0.009827
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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.
| Date | JPY/CAD | Period |
|---|---|---|
19 Apr 2025 | 0.009721 | 2 Week |
02 Feb 2025 | 0.009469 | 3 Month |
03 May 2024 | 0.008930 | 1 Year |
04 May 2020 | 0.0132 | 5 Year |
06 May 2015 | 0.0101 | 10 Year |
08 May 2005 | 0.0118 | 20 Year |
Will the Japanese yen rise against the Canadian dollar?
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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