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CAD to JPY Forecasts – Canadian dollar to Japanese yen

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

16 May 2026 • 00:48 GMT

CAD/JPY 115.4

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 115.1490 – 117.2000
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, CAD/JPY is trading close to its 3-month average within a range around 115.4. Risk sentiment remains the dominant driver, supported by safe-haven flows which keep the yen well bid. Near-term conditions suggest the pair may face downward pressure as risk-off conditions prevail and global geopolitical concerns persist.

💸 Transfer implications

  • Expats: sending money to Japan may find current exchange rates less favourable than recent levels.
  • Travellers: buying JPY cash could face some support but should watch for further risk-off moves.
  • Businesses: paying Japanese yen invoices might encounter weaker CAD and less favourable conversion conditions.

🧭 Key drivers

  • Rate gap: The Canadian dollar's rate hike expectations appear overvalued, with the yen remaining insulated by intervention risks.
  • Risk/commodities: Safe-haven flows are supported by geopolitical tensions and oil price volatility.
  • Global factors: Oil price fluctuations and US yields continue to influence risk sentiment and currency dynamics.

⚠️ What could change it

  • Upside risk: A stabilization or rebound in oil prices could bolster the CAD.
  • Downside risk: Increased Japanese intervention or sharper risk aversion may push yen strength further.

Finding lower margin FX providers could help offset less favourable exchange conditions as the pair remains in its recent range.

CAD-JPY Rate Calculator

 
 
   
   
   
   
   
 
 

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 =
115.29We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d−0.2%▼
CAD to JPY is at 7-day lows near 115.4, near its 3-month average, having traded in a very stable 3.8% range from 112.9 to 117.2
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Compare & Save - Canadian dollar to Japanese yen

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Japanese yen (JPY) rates from different sources before making a conversion.

Use our CAD to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Yen currency rates and the possible savings of using various providers.

 
 

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
08 May 2026
114.60
0.6% ▲2 Week
21 Feb 2026
113.22
1.9% ▲3 Month
22 May 2025
103.81
11.1% ▲1 Year
23 May 2021
90.24
27.8% ▲5 Year
24 May 2016
83.73
37.7% ▲10 Year
27 May 2006
101.50
13.6% ▲20 Year
CAD/JPY historic rates & change to 22-May-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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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more