Convert Japanese Yen to Canadian Dollar
JPY to CAD Exchange Rate Calculator
1 Japanese Yen (JPY) = 0.0087 Canadian Dollar (CAD) at the live mid-market rate. That means $100 JPY converts to roughly 0.87 CAD, and $1,000 JPY converts to about 8.67 CAD. The JPY/CAD 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 JPY/CAD context
Over the past 90 days, JPY/CAD has traded between 0.0085 and 0.0088. The current rate of 0.0087 sits roughly 54% through that range — in the middle of the recent range. Versus the rate 90 days ago, Japanese Yen has held roughly flat (-0.12%) against Canadian Dollar.
JPY/CAD Price History
Interactive JPY/CAD exchange rate chart with 7-day, 30-day, and 90-day views.
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
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)
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 JPY and CAD
Country money guides, key terms, rate history, and articles related to JPY/CAD.
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
- Dollar Dying: USD Hits Lowest Reserve Share Since 1995The dollar's reserve share fell to 56.32% — lowest since 1995. China slashed Treasuries by 47%, BRICS settle 99% in local currencies, gold soaring.
- Indian Rupee Nearing 100/Dollar: Currency Crisis ExplainedThe rupee hit 94.82/USD — an all-time low. Foreign investors pulled $12B, the RBI staged its biggest intervention since 2013, and oil is making it worse.
- The Dollar Just Hit a 4-Month Low — What a Weaker USD Means for YouThe DXY fell to a 4-month low in May 2026 as Powell exited the Fed and Kevin Warsh prepares to take over with a dovish tone. Here is what a weaker US dollar actually means for travel, savings, gold, and investments — and what to do now.
Related Reading
Background on Japanese Yen, Canadian Dollar, and the forces that move JPY/CAD.
Hidden Fees of Sending Money Abroad: Real Costs
Discover the hidden costs of international money transfers. Learn how exchange rate markups, wire fees, and intermediary charges can cost you hundreds.
how-toCheapest Way to Send Money Internationally in 2026 (Fees Compared)
The cheapest way to send money internationally in 2026, compared side-by-side. Wise vs PayPal vs bank wire vs Remitly vs OFX — fees, exchange rate markups, speed, and total cost on a $1,000 transfer.
newsThe Dollar Just Hit a 4-Month Low — What a Weaker USD Means for You
The DXY fell to a 4-month low in May 2026 as Powell exited the Fed and Kevin Warsh prepares to take over with a dovish tone. Here is what a weaker US dollar actually means for travel, savings, gold, and investments — and what to do now.
Exchange rates refresh hourly · Sourced from institutional-grade data providers