Introduction The CAD/JPY Pair
The CAD/JPY (Canadian Dollar/Japanese Yen) is the relation of the Canadian Dollar against the Japanese Yen. The CAD/JPY cross currency gives one the possibility to convert Canadian Dollar’s directly into Japanese Yen’s (1 CAD per x JPY).
Forex Knowledge: Trading the Canadian Dollar/Japanese Yen
- Typical broker spread: 3-5 pips
- Most active trading sessions: Euro and US session / CAD & JPY economic events
- Most active trading hours: 5:30 GMT -18:30 GMT
- Average daily range (high-low): 116 pips
- Trading strategies to trade CAD/JPY: Click here
- Recommended level of trading experience: Expert
- Value of one pip CAD/JPY: Variable
Economic Events That Move CAD/JPY
A. CANADA
- International Merchandise Trade
- Gross Domestic Product Quarterly (GDP)
- Ivey Purchasing Managers Index (PMI)
- Leading Indicators
- Consumer Price Index (CPI)
- Retail Sales
- Bank of Canada Rate Decision
- Bank of Canada Governor Speaks
- Net Change in Employment
B. JAPAN
- Trade Balance
- Merchandise Trade Balance Monthly
- Gross Domestic Product Quarterly (GDP)
- Tankan Survey
- Tertiary Industry Index
- Leading Economic Index
- Consumer Price Index (CPI)
- Domestic CGPI
- BoJ Monetary Policy Meeting and Announcement
- BOJ Monetary Policy Meeting Minutes
- BoJ Monetary Policy Monthly Report
