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CAD/JPY

View indicative pricing and leverage information for CAD/JPY.

CAD/JPY price chart

CAD/JPY market insights

Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.

If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.

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Last updated 8/28/2026, 11:59:59 PM

Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.

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CAD/JPY overview

CAD/JPY is a forex pair with the Canadian dollar as the base currency and Japanese yen as the quote. The live CAD/JPY price tells you how many yen it takes to buy a single Canadian dollar.

CAD generally trades at a lower price than the US dollar, which means that CAD/JPY is generally priced lower than USD/JPY. However, high oil prices can see CAD/JPY rise, as the Canadian economy is closely linked to crude oil.

As with any currency pair with JPY as the quote, a CAD/JPY pip is measured as a single digit move in the second figure after the decimal point – such as from 105.04 to 105.05 – instead of the fourth.

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Forex explained

When is the forex market open for trading?

The forex market is open for trading 24-hours a day from 10pm (UTC) on Sunday to 10pm (UTC) on Friday. That means with FX, you can build your trading strategy around your schedule, instead of having to conform to when a stock exchange is open.

However, there are times when the market is much more active, and times when it is comparatively dormant. To learn the best times to trade forex, read our dedicated page.

Where is forex traded?

Forex is traded via a global network of banks in what’s known as an over-the-counter market – unlike shares and commodities, which are bought and sold on exchanges. Because of this, you can trade forex 24-hours a day.

FX trading is split across four main ‘hubs’ in London, Tokyo, New York and Sydney. When banks in one of these areas close, those in another open, which is what facilitates round-the-clock trading.

However, there’s no physical location where these banks and individuals trade with each other. Instead, it is entirely online.

Why do people trade currencies?

People trade currencies for lots of different reasons. You’ve probably traded a currency if you’ve ever bought goods overseas, for example, or gone on a foreign holiday. However, the vast majority of FX trading is done for profit.

Currencies are constantly moving in value against each other. On any given day, the pound might be rising against the dollar, while the euro falls against the Swiss franc. Forex traders buy and sell currency pairs to try and take advantage of this volatility and earn a return.

For instance, if the pound is rising against the dollar, you might buy GBP/USD. When you buy this pair, you’re buying pound sterling (GBP) by selling the US dollar (USD). Then, if the pound continues to outpace the dollar, you can sell the pair to exchange your GBP back for USD and keep the difference as profit.