Introduction The CAD/JPY Pair

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CADJPY Pairs

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