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    CAD to JPY 2024 Forecasts

    Analysis of recent Loonie → Yen forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Canadian dollar to Japanese yen performance and trends.

     

    Forecasts for CAD to JPY

     

    Based on recent forecasts from various sources, the CADJPY exchange rate is expected to see further weakness in the coming months. FX analysts anticipate the Bank of Canada to adopt a more dovish stance on interest rates compared to the Federal Reserve, potentially leading to earlier and deeper rate cuts. This divergence in monetary policy outlook between the two central banks is likely to weigh on the Canadian dollar against the Japanese yen.

    The Canadian dollar's performance is closely tied to oil prices, and while oil prices have been relatively stable recently, any significant movements in the oil market could impact the CADJPY exchange rate. With the Canadian dollar possibly facing headwinds due to potential rate cuts by the Bank of Canada, its outlook against the Japanese yen remains uncertain.

    On the other hand, the Japanese yen has been facing pressure due to interest rate differentials and speculation about central bank policies. The Bank of Japan's potential discussions on reducing bond purchases could provide some support for the yen in the short term. However, the wider interest rate differentials between Japan and other major economies could continue to weigh on the yen's performance against the Canadian dollar and other G-10 currencies. Traders and businesses with exposure to the CADJPY exchange rate should stay vigilant for developments from both central banks and monitor oil prices for potential impact on the Canadian dollar.

     
    @bestfxrates : 📉 FX analysts flag potential CADJPY weakness ahead. Bank of Canada's dovish shift & possible rate cuts may underpin this trend. Oil stability adds a layer of uncertainty. Eyes on BoC moves & oil prices, while BoJ policies could spur yen short-term. Stay alert for central bank cues. #CADJPY #ForexUpdate

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    CAD to JPY Market Data

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

     
    1 CAD =
    116.12We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    +0.2%
    2W
    CAD to JPY is at 14-day highs near 115.3, 1.8% above its 3-month average of 113.3, having traded in a quite stable 4.2% range from 111.1 to 115.8
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    Sell CAD   →   Buy JPY
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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.

     
    DateCAD/JPYChangePeriod
    05 Jun 2024
    113.89
    1.2% 2 Week
    21 Mar 2024
    112.09
    2.8% 3 Month
    20 Jun 2023
    106.87
    7.9% 1 Year
    21 Jun 2019
    81.11
    42.1% 5 Year
    22 Jun 2014
    94.91
    21.5% 10 Year
    24 Jun 2004
    79.76
    44.5% 20 Year
    CAD/JPY historic rates & change to 19-Jun-2024
     

    Will the Canadian dollar rise against the Japanese yen?

    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.

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    Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.

     
     

    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