CAD/JPY

CAD/JPY

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CANADIAN DOLLAR /JAPANESE YEN Trading

CAD/JPY is the abbreviation for the Canadian Dollar and Japanese Yen pair. It shows how much the CAD (base currency) is worth as measured against the JPY (counter currency). For example, CAD/JPY = 82.98 indicates that one Canadian Dollar can buy 82.98 Japanese yen.

History of CANADIAN DOLLAR /JAPANESE YEN

CAD is the currency symbol of the Canadian dollar. It is made up of 100 cents and is often symbolised with C$ to recognise it from the U.S. dollar. CAD is also known as the “commodity currency” since Canada exports most of its resources; oil, fish, alimentary goods and minerals. The central Bank is the Bank of Canada. JPY is the currency code for the Japanese Yen, the currency of Japan. The yen is formed from 100 Sen or 1000 Rin and its symbol is ¥. After the U.S. dollar and the Euro, the Japanese Yen, is the most traded currency in the Forex. The central bank is Bank of Japan

CAD/JPY Forex Chart
Instrument: CAD/JPY
Spread: Floating
Leverage: 20:1
Margin: 5%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -3.13%
Overnight Interest (daily) Buy: - 1.27%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: CAD/JPY

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CAD/JPY Trading FAQs

The bottom line is trading between 12:00 and 15:00 maximises your efficiency in trading the CAD/JPY. This period often provides the most opportunities to deploy trading capital, as the increased volatility provides more opportunities to trade.

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