CAD/JPY
As of 2026-06-20 07:23:56 UTC, CAD/JPY (Canadian Dollar / Japanese Yen) is 113.970, reconciled from ECB ref · live spot and refreshed every tick / ECB daily fallback. Every observation is point-in-time and names the feed it came from — backtest-safe and reproducible. CAD/JPY is available over REST and WebSocket on the exchangerate.dev API, with a free tier to start.
How do I query CAD/JPY?
One authenticated GET returns the latest value with its timestamp and source. Swap the language tab for your stack.
Reference
Latest CAD/JPY indicative spot rate — value, timestamp, source, and market_session.
Provenance
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Related reading
CAD/JPY — Oil, Carry, and the Loonie-Yen Cross
CAD/JPY is driven by two powerful and often independent forces: crude oil prices (which move the Canadian dollar, known as the "loonie") and global risk sentiment (which moves the yen). When oil is rising and risk appetite is healthy, both legs push the pair higher. Divergence between the two creates unique volatility patterns.
Canada is the fourth-largest crude oil producer and a major exporter to the US. WTI crude price changes translate quickly into CAD moves. Japan imports nearly all its energy, so oil shocks affect it differently — through inflation and trade balance rather than direct FX revenue.
Bank of Canada policy has periodically diverged significantly from the Bank of Japan, creating carry dynamics similar to those in AUD/JPY and NZD/JPY, though with an added commodity overlay.
Rates here are indicative mid-market from aggregated market data and public reference rates. Not for settlement.
Frequently asked questions
- How does crude oil affect CAD/JPY?
- Higher oil prices increase Canadian export revenues, supporting CAD and pushing CAD/JPY up. Japan, as a major oil importer, also faces higher costs which can weigh on growth expectations, adding a mild yen-weakening effect in sustained high-oil environments.
- What is the typical CAD/JPY daily range?
- In normal markets CAD/JPY moves 50–100 pips per day. During risk-off events (equity crashes, OPEC supply shocks) the range can expand to 150–200 pips.
- Does the Bank of Canada influence CAD/JPY more than the BoJ?
- Not consistently. Both central banks matter. BoC rate surprises move CAD directly; BoJ policy shifts affect JPY, and in recent years BoJ moves (especially YCC adjustments) have dominated intraday volatility on the pair.
- Is CAD/JPY popular among Japanese retail traders?
- Yes, though less so than AUD/JPY or USD/JPY. The oil-linked nature of CAD makes it a more complex position for purely carry-motivated retail participants.
- How does Canada's housing market affect CAD/JPY?
- Canada's housing market is closely tied to Bank of Canada rate expectations. Rate hike cycles cool housing, but if the BoC tightens faster than the BoJ the net effect is still CAD-positive relative to JPY.
- Can I access weekend CAD/JPY rates through the API?
- Yes. Both CAD and JPY are in the live-16 set and update every ~60 seconds including weekends and holidays.
- What does the cross rate mean for a Canadian traveling to Japan?
- A rate of 116 means one Canadian dollar buys 116 yen. For travel budgeting the indicative rate here is a useful reference; actual transaction rates at airports or hotels will include a markup.