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    Currency outlook CAD/JPY

    CAD to JPY Forecast & Outlook

    Latest CAD to JPY forecasts including bank predictions, key market drivers and recent trends for CAD/JPY. See where analysts expect the pair to move and the factors likely to influence it.

    CAD to JPY Forecast & Outlook

    01 Aug 2026 • 00:46 GMT

    CAD/JPY 112.2

    Forecast snapshot

    Quick CAD/JPY forecast

    Near-term bias🔴 Mild downside
    Expected range110.2370 – 112.2000
    Dominant driver🌍 Global risk sentiment
    3-month trend🔴 Downtrend

    Currently, CAD/JPY is trading near its 90-day lows around 112.2, which is below the 3-month average of 114.8. The pair remains supported by risk-off sentiment and Japanese yen strength amid geopolitical tensions. Over the next few sessions, the pair may stay under pressure, with downside risks persisting if risk aversion continues to dominate. Near-term conditions suggest limited upward momentum.

    💸 Transfer implications

    • Expats: sending money to Japan may find Japanese Yen (JPY) more expensive than recent levels.
    • Travellers: buying Yen may face less favourable exchange rates if the pair remains weak.
    • Businesses: paying Japanese Yen invoices with CAD might encounter less advantageous rates shortly.

    🧭 Key drivers

    • Rate gap: The Bank of Japan's cautious monetary stance keeps Yen undervalued, influencing the rate.
    • Risk/commodities: Elevated geopolitical tensions and oil prices sustain risk-off flows supporting the Yen.
    • Global factors: Persistent risk aversion driven by geopolitical conflicts underscores safe-haven flows.

    ⚠️ What could change it

    • Upside risk: Any easing of risk-off sentiment or stabilization in global tensions.
    • Downside risk: Japanese authorities intervention to prop up the Yen or shifts in global risk sentiment.

    BER suggests comparing FX providers to find lower margins, which can help offset less favourable exchange conditions.

    CADJPY Bank Forecasts to end of the year

    The outlook for CADJPY by the end of the year reflects a bearish sentiment, primarily driven by Scotiabank's forecast. They project the pair to weaken, reaching 107.1 by Q4 2026, amidst pressures on the Canadian dollar from external factors like oil prices and U.S. Federal Reserve policy expectations. Meanwhile, the Japanese yen continues to experience weakness against the dollar, which could affect its performance against the Canadian dollar.

    Big bank views

    • Scotiabank forecasts CADJPY at 107.1 by Q4 2026.
    • The Canadian dollar faces bearish sentiment due to speculative pressures and macroeconomic factors.
    • The Japanese yen's ongoing depreciation may prompt intervention.

    What could change the outlook

    • Potential intervention by Japanese authorities to stabilize the yen.
    • Significant changes in U.S. Federal Reserve policy impacting global currency dynamics.

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    Rate direction

    CAD to JPY market data

    Canadian dollar (CAD) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

    Sell CAD   →   Buy JPY
    1 CAD =
    113.12We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    1D+0.4%▲
    CAD to JPY at 113.0 is 1.5% below its 3-month average of 114.7, having traded in a very stable 3.9% range from 111.9 to 116.3
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    Will the Canadian dollar rise against the Japanese yen?

    This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs Japanese yen current value is to look the CAD/JPY historic rate and change over a range of periods.

    The following table looks at the change in the CAD to JPY exchange rate over periods from the previous week back to the last 10 years.

    DateCAD/JPYChangePeriod
    24 Jul 2026
    116.18
    		2.8% ▼2 Week
    09 May 2026
    114.58
    		1.4% ▼3 Month
    07 Aug 2025
    106.90
    		5.7% ▲1 Year
    08 Aug 2021
    87.70
    		28.8% ▲5 Year
    09 Aug 2016
    77.71
    		45.4% ▲10 Year
    12 Aug 2006
    103.39
    		9.3% ▲20 Year
    CAD/JPY historic rates & change to 07-Aug-2026

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/JPY to your personalised Rate Tracker to track and benefit from currency movements.

     
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