CAD/JPY: what to know
The CAD/JPY rate shows how much JPY you get for 1 CAD. Right now, 1 CAD buys 113.3277 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.008824 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while JPY responds to Bank of Japan policy and global risk appetite.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the CAD/JPY rate has ranged between 105.2790 and 117.0662 — a change of +5.23% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.