- CAD is the base currency
- JPY is the quote currency
If you're wondering how to trade CADJPY and want a simple explanation, you've come to the right place. In this guide, we'll break it down step-by-step -- from what the asset is to how you can start trading it today, even with a small deposit or using a free demo. By the end of this article, you'll know how to buy CADJPY, how to invest in CADJPY, and how to make informed predictions using CADJPY price prediction techniques.
What is CADJPY?
CADJPY is the currency pair that shows how many Japanese Yen (JPY) you need to buy one Canadian Dollar (CAD).
This pair connects two powerful economies: Japan’s high-tech export-driven market and Canada’s resource-based economy. Traders use CADJPY to follow movements tied to oil prices, interest rates, and economic forecasts from both countries. How to trade CADJPY involves keeping track of these factors, which strongly influence price movements.
How CADJPY Quotes Work
Let’s say you see CADJPY = 109.40. That means 1 Canadian Dollar is worth 109.40 Japanese Yen.
So, if the number increases, the Canadian Dollar is gaining strength.
Example:
If you’re planning a trip to Tokyo from Canada and the rate moves from 107.50 to 110.00, it means your CAD now buys more JPY — great news for you, and a sign of CAD appreciation.
What Moves the CADJPY Rate?
Several key factors affect CADJPY price prediction:
- Oil Prices — Canada’s economy is oil-heavy; rising oil prices often push CAD up. When oil prices rise, Canada’s resource-based economy strengthens, which makes the Canadian Dollar more valuable.
- Interest Rate Policies from the Bank of Canada and the Bank of Japan — These central banks’ monetary decisions greatly influence CADJPY. A change in interest rates can push the CADJPY pair higher or lower, depending on which country raises or lowers rates.
- Trade Balances and Exports from Both Countries — Trade flows can drive the strength of CAD or JPY. Strong export growth for either country typically strengthens its currency against the other.
- Global Market Risk Sentiment — JPY is often seen as a safe-haven currency during uncertain times. When markets face global instability, demand for the Yen rises, while CAD may weaken.
These drivers play a crucial role in CADJPY price prediction, helping traders form expectations about future price movements.
How to Interpret CADJPY Price Changes
Suppose the exchange rate goes from CADJPY = 108.00 to 110.20. This indicates that CAD is strengthening relative to JPY.
On the other hand, if the rate drops from 110.20 to 107.80, then JPY is gaining value.
When the price rises, it reflects a stronger CAD. When it falls, JPY is on the rise.
Knowing how to trade CADJPY means understanding these price movements and making informed decisions based on trends.
Step-by-Step: Quick Trading on CADJPY
- Find the asset:
Look for CADJPY or CADJPY OTC in the platform’s asset list. - Open the chart and apply indicators or sentiment tools if you like:
Explore tools like Moving Averages or Relative Strength Index (RSI) to help predict market trends. - Choose your investment amount:
Start from just $1, allowing you to trade with minimal risk. - Set the trade duration:
From 5 seconds or more (5 seconds is available for OTC assets). - Make a forecast:
- If you believe the rate will rise, click BUY.
- If you expect it to drop, click SELL.
- Check potential return:
Up to 92% for a correct forecast (the exact percentage is displayed before you confirm).
Try Risk-Free: $50,000 Demo Account Available
Not ready to go live? You can start trading CADJPY with a demo account loaded with $50,000 in virtual funds right after signing up.
Explore how the platform works, try different trading styles, and build confidence — no financial commitment needed.
Once you’re comfortable, switch to a real account from just $5 (deposit may vary depending on payment methods) and unlock:
- Copy trading features
- Cashback on trades
- Participation in trading tournaments
- Full access to all tools
FAQ
How to trade CADJPY on Pocket Option?
Find CADJPY in the asset list, set your amount and time, and predict the direction -- up or down.
How to buy CADJPY for the first time?
Register on Pocket Option and place your first forecast-based trade starting from just $1.
How to invest in CADJPY long-term?
Monitor macroeconomic data, especially oil prices and interest rates, and use longer trade durations for more strategic investment.
What influences CADJPY price prediction?
Oil prices, rate changes, and risk sentiment are key drivers for making a CADJPY forecast.
Can I trade CADJPY without depositing money?
Yes! A free $50,000 demo account is available right after you register to practice with no risk.