CAD/JPY

The CAD/JPY is the currency pair encompassing the Canadian dollar of Canada (symbol $, code CAD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one Canadian dollar. For example, when the CAD/JPY is trading at 85.00, it means 1 Canadian dollar is equivalent to 85 Japanese yen.The Canadian dollar (CAD) is the world’s seventh most traded currency, whilst the Japanese Yen is the world’s third most traded currency.As such, the pair has moderate liquidity, for which spreads generally range between 3 and 6 pips on most forex brokers. The price often ranges daily between 70 and 130 pips. Several key economic releases are capable of influencing the CAD/JPY. This includes Core Retail Sales for Canada, which measures the change in the total value of sales at the retail level, minus automobiles.For example, a higher actual forecast would be bullish for the Canadian dollar, indicated by an upward direction of the CAD/JPY.By extension, measures of imported and exported goods and services in Japan are also worth monitoring as well as other economic barometers.How to Trade CAD/JPYCanada possesses such a vast array of natural resources, such as crude oil, precious metals, natural gas, food, and agricultural products.The strength of the Canadian dollar is directly correlated to the value of commodities, so if commodities prices are heading up, this lends strength to the CAD. On the other hand, Japan doesn’t have anywhere near as much natural resources as Canada, and relies on imports for a lot of its raw materials such as wood, oil and food. Where it shines however, is in its high-tech industry, exporting electronic appliances and equipment, entertainment devices, and of course automobiles. With CAD/JPY being a minor pair, and with its high spread, it’s perhaps on the lower end of most day traders’ list of currency pairs to trade, and for good reason. The CAD/JPY is considered a challenging pair to trade, and is more suited for swing traders and position traders.
The CAD/JPY is the currency pair encompassing the Canadian dollar of Canada (symbol $, code CAD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one Canadian dollar. For example, when the CAD/JPY is trading at 85.00, it means 1 Canadian dollar is equivalent to 85 Japanese yen.The Canadian dollar (CAD) is the world’s seventh most traded currency, whilst the Japanese Yen is the world’s third most traded currency.As such, the pair has moderate liquidity, for which spreads generally range between 3 and 6 pips on most forex brokers. The price often ranges daily between 70 and 130 pips. Several key economic releases are capable of influencing the CAD/JPY. This includes Core Retail Sales for Canada, which measures the change in the total value of sales at the retail level, minus automobiles.For example, a higher actual forecast would be bullish for the Canadian dollar, indicated by an upward direction of the CAD/JPY.By extension, measures of imported and exported goods and services in Japan are also worth monitoring as well as other economic barometers.How to Trade CAD/JPYCanada possesses such a vast array of natural resources, such as crude oil, precious metals, natural gas, food, and agricultural products.The strength of the Canadian dollar is directly correlated to the value of commodities, so if commodities prices are heading up, this lends strength to the CAD. On the other hand, Japan doesn’t have anywhere near as much natural resources as Canada, and relies on imports for a lot of its raw materials such as wood, oil and food. Where it shines however, is in its high-tech industry, exporting electronic appliances and equipment, entertainment devices, and of course automobiles. With CAD/JPY being a minor pair, and with its high spread, it’s perhaps on the lower end of most day traders’ list of currency pairs to trade, and for good reason. The CAD/JPY is considered a challenging pair to trade, and is more suited for swing traders and position traders.

The CAD/JPY is the currency pair encompassing the Canadian dollar of Canada (symbol $, code CAD), and the Japanese yen of Japan (symbol ¥, code JPY).

The pair’s rate indicates how many Japanese yen are needed in order to purchase one Canadian dollar. For example, when the CAD/JPY is trading at 85.00, it means 1 Canadian dollar is equivalent to 85 Japanese yen.

The Canadian dollar (CAD) is the world’s seventh most traded currency, whilst the Japanese Yen is the world’s third most traded currency.

As such, the pair has moderate liquidity, for which spreads generally range between 3 and 6 pips on most forex brokers. The price often ranges daily between 70 and 130 pips.

Several key economic releases are capable of influencing the CAD/JPY. This includes Core Retail Sales for Canada, which measures the change in the total value of sales at the retail level, minus automobiles.

For example, a higher actual forecast would be bullish for the Canadian dollar, indicated by an upward direction of the CAD/JPY.

By extension, measures of imported and exported goods and services in Japan are also worth monitoring as well as other economic barometers.

How to Trade CAD/JPY

Canada possesses such a vast array of natural resources, such as crude oil, precious metals, natural gas, food, and agricultural products.

The strength of the Canadian dollar is directly correlated to the value of commodities, so if commodities prices are heading up, this lends strength to the CAD.

On the other hand, Japan doesn’t have anywhere near as much natural resources as Canada, and relies on imports for a lot of its raw materials such as wood, oil and food.

Where it shines however, is in its high-tech industry, exporting electronic appliances and equipment, entertainment devices, and of course automobiles.

With CAD/JPY being a minor pair, and with its high spread, it’s perhaps on the lower end of most day traders’ list of currency pairs to trade, and for good reason.

The CAD/JPY is considered a challenging pair to trade, and is more suited for swing traders and position traders.

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