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CAD to JPY 2026 Forecasts

Analysis of recent loonie → yen forecasts for 2026. We collate forecasts from respected FX analysts together with the latest Canadian dollar to Japanese yen performance and trends.

 

The market bias for the CAD to JPY exchange rate is currently bearish.

Key drivers include:

  • Interest rate differentials are impacting the CAD, particularly as the Bank of Canada maintains its rate at 2.25%, while the Bank of Japan has recently increased its rate to 0.75%.
  • The Canadian economy shows signs of weakness with the manufacturing sector contracting and oil prices declining, which affects the CAD’s strength.
  • Japan's recent increase in business sentiment and a sizable defense budget could bolster the JPY against the CAD.

In the near term, the CAD to JPY is expected to trade within a stable range, reflecting its recent performance above average levels. Upside risks could arise from a rebound in oil prices, while downside risks may materialize if U.S. economic data significantly weakens, potentially pushing the USD higher against both currencies.

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 =
113.65We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.1%
 
CAD to JPY at 114.2 is 2.8% above its 3-month average of 111.1, having traded in a relatively stable 7.1% range from 107.0 to 114.6
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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
22 Dec 2025
114.13
0.1% 2 Week
07 Oct 2025
108.98
4.8% 3 Month
05 Jan 2025
109.09
4.7% 1 Year
06 Jan 2021
81.34
40.4% 5 Year
08 Jan 2016
82.95
37.7% 10 Year
10 Jan 2006
98.29
16.2% 20 Year
CAD/JPY historic rates & change to 05-Jan-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