JPY/CAD: what to know
The JPY/CAD rate shows how much CAD you get for 1 JPY. Right now, 1 JPY buys 0.008826 CAD at the mid-market rate. In the other direction, 1 CAD is worth 113.3022 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while CAD responds to oil prices and the US economy.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. 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”.
Over the past 12 months the JPY/CAD rate has ranged between 0.008542 and 0.009499 — a change of -4.97% 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.