CAD/JPY Exchange Rate Today — Live Chart and Analysis
CADJPY is an exchange rate that specifies how many JPY (Japanese Yen) can be converted into one CAD (Canadian Dollar), therefore the base currency is CAD and the price currency is JPY. If this rate declines, it means that JPY appreciates relative to CAD and if this rate increases it means that the JPY depreciates against the CAD. There are many macroeconomic factors/events (fundamentals) that affect CADJPY exchange rate, which is usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. Regarding the trade relationship between Canada and Japan, the latter imports 2.2% of Canada's total exports, whereas Canada imports 1.5% of Japan's total exports. The largest components of Canada's exports are Vehicles other than railway, tramway whereas Japan's largest export components are Vehicles other than railway, tramway. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.
Buy price
110.946
Sell price
110.94
Price Performance
Information regarding past performance is not a reliable indicator of future performance.
Analysis
As of 14/8/2017, the Canadian Dollar has gained circa 5% against the US dollar on a YTD basis and is considered by many as one of the commodity currencies because of high commodity driven export policy of Canada (oil). This means that it is highly dependent on commodity prices, which have proven to be quite volatile over the past few years. Additionally because of the tight relationships with the US, a weaker growth in the US could have a negative impact on the country’s exports. Moreover the Bank of Canada has raised its interest rates to 0.75% for the first time after seven years and assuming that growth holds up, more hikes may come ahead.
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