Convert Canadian Dollar to Japanese Yen
CAD to JPY Exchange Rate Calculator
1 Canadian Dollar (CAD) = 115.3700 Japanese Yen (JPY) at the live mid-market rate. That means $100 CAD converts to roughly 11,537.00 JPY, and $1,000 CAD converts to about 115,370.00 JPY. The CAD/JPY rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day CAD/JPY context
Over the past 90 days, CAD/JPY has traded between 113.9500 and 117.0700. The current rate of 115.3700 sits roughly 46% through that range — in the middle of the recent range. Versus the rate 90 days ago, Canadian Dollar has held roughly flat (+0.15%) against Japanese Yen.
CAD/JPY Price History
Interactive CAD/JPY exchange rate chart with 7-day, 30-day, and 90-day views.
About Canadian Dollar (CAD)
The Canadian Dollar (CAD) is the official currency of Canada and the sixth-most-held reserve currency. Nicknamed the "Loonie" after the loon on the C$1 coin, it is a commodity currency driven primarily by crude oil prices and US cross-border trade, which accounts for roughly 75% of Canadian exports.
- •Canada is the world's fourth-largest crude oil producer
- •Roughly 75% of Canadian exports go to the United States
- •Bank of Canada (BoC) sets the overnight rate and targets 2% CPI inflation
- •USD/CAD is often called the "Loonie" among traders
- •Canada and the US are connected by the USMCA trade agreement (replaced NAFTA in 2020)
About Japanese Yen (JPY)
The Japanese Yen (JPY) is the official currency of Japan and the third-most-traded currency worldwide. It is the premier carry-trade funding currency thanks to decades of ultra-low interest rates, and it plays a defining safe-haven role during global equity selloffs.
- •Third-most-traded currency, ~17% of daily forex volume
- •Bank of Japan ended its negative interest rate policy in March 2024 after 17 years
- •Japan holds the world's largest net international investment position
- •Yen weakness typically boosts Japanese exporter earnings (Toyota, Sony, etc.)
- •The Ministry of Finance — not the BoJ — controls FX intervention policy
Frequently Asked Questions
What kind of pair is CAD/JPY?
CAD/JPY combines a commodity currency (CAD, oil-linked) with a safe-haven funding currency (JPY). It behaves as a risk-sensitive carry-trade cross — rallying during oil booms and risk-on episodes, falling sharply during equity selloffs and oil collapses.
How does oil affect CAD/JPY?
Strongly. Rising WTI crude supports CAD directly (Canadian export revenue) while supporting global risk appetite (which weakens safe-haven JPY) — a double-tailwind for CAD/JPY. The 2014–2016 oil crash saw CAD/JPY fall from 105 to 80 in 18 months. Watch WTI as the primary CAD/JPY driver alongside US-Japan yields.
How wide are CAD/JPY daily ranges?
Typical daily ranges are 50–100 pips — narrower than GBP/JPY but wider than EUR/JPY. During data-release days (US NFP, BoC decisions, MoF intervention talk) ranges can extend to 150–200 pips.
Is CAD/JPY a good carry trade?
When BoC rates sit well above BoJ rates, CAD/JPY pays meaningful carry — typically 3–5% annualised when funded with JPY. The trade has worked well during oil-led commodity cycles but tends to unwind violently during equity selloffs, like all JPY-funded carry trades.
When is CAD/JPY most liquid?
The Tokyo-London handover (07:00–08:00 UTC) and the New York session (13:00–21:00 UTC) provide peak liquidity. CAD trades most actively during NY hours; JPY during Tokyo. Spreads widen during the London afternoon when neither home market is active.
Related Conversions
More on CAD and JPY
Country money guides, key terms, rate history, and articles related to CAD/JPY.
Country guides
Glossary
- Pip (Forex)A pip ("percentage in point") is the smallest standard price increment for a currency pair…
- Spread (Forex)The spread is the difference between the buy (ask) price and the sell (bid) price of a cur…
- Safe-Haven CurrencyA safe-haven currency is one that investors buy during periods of global financial stress,…
Rate history
Articles
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Background on Canadian Dollar, Japanese Yen, and the forces that move CAD/JPY.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers