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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

04 Jul 2026 • 00:47 GMT

CAD/JPY 113.7

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: N/A
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, CAD/JPY is trading below the 3-month average near 113.7, supported by risk-off sentiment and safe-haven flows. The pair is consolidating within its recent range, with downside pressures from global developments. Over the next few sessions, these risk aversion effects may keep the pair under pressure, holding near recent lows.

💸 Transfer implications

  • Expats: sending money to Japan may find the yen less favourable than recent levels.
  • Travellers: exchanging yen might see current rates remain supported by safe-haven demand.
  • Businesses: paying Japanese invoices may face less favourable conditions if the pair declines further.

🧭 Key drivers

  • Rate gap: The yen remains supported amid a widening rate differential favoring the US dollar.
  • Risk/commodities: Global risk-off conditions remain dominant, boosting safe-haven currencies.
  • Global factors: US interest rate expectations continue to influence the yen’s relative strength.

⚠️ What could change it

  • Upside risk: A reduction in risk aversion or Japanese intervention could support the yen.
  • Downside risk: Widening global growth concerns might deepen safe-haven flows and pressure the pair further.

Shopping around for the lowest margin FX providers may help reduce overall transfer costs.

 

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.
 

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 =
114.08We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d−0.1%▼
CAD to JPY at 114.6 is just below its 3-month average, having traded in a very stable 3.2% range from 113.6 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
26 Jun 2026
113.96
0.2% ▲2 Week
11 Apr 2026
115.03
0.8% ▼3 Month
10 Jul 2025
107.11
6.6% ▲1 Year
11 Jul 2021
88.54
28.9% ▲5 Year
12 Jul 2016
79.85
42.9% ▲10 Year
15 Jul 2006
102.85
11% ▲20 Year
CAD/JPY historic rates & change to 10-Jul-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