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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

06 Jun 2026 • 00:47 GMT

CAD/JPY 115.1

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 115.1000 – 117.2000
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, CAD/JPY is trading close to its 3-month range, holding near the 115 level. The pair is supported by risk-off conditions and a likely continuation of safe-haven flows. Over the next few sessions, the pair may face pressure if risk sentiment improves, limiting upward movement.

💸 Transfer implications

  • Expats: sending money to Japan may find conditions less favourable than recent levels if the pair weakens further.
  • Travellers: buying JPY cash might see limited benefit unless the pair gains.
  • Businesses: paying Japanese yen invoices could experience slightly less favourable exchange rates if the pair declines.

🧭 Key drivers

  • Rate gap: The rate gap remains narrow, with no significant yield advantage for either currency.
  • Risk/commodities: Safe-haven flows are supported by risk-off sentiment and high energy costs.
  • Global factors: Global risk appetite remains subdued, supporting yen strength and pressuring the CAD.

⚠️ What could change it

  • Upside risk: Unexpected improvement in risk sentiment or geopolitical stability.
  • Downside risk: A sudden increase in global risk aversion or further yen intervention by Japan.

BER suggests shoppers compare FX providers to help offset less favourable exchange conditions and seek lower margins to reduce transfer costs.

 

CADJPY Bank Forecasts to end of the year

The outlook for the CAD/JPY by the end of the year is influenced primarily by Scotiabank's forecast, which suggests a decrease in the pair to 107.1. The Canadian dollar benefits from strong oil prices, but expectations of Bank of Canada rate hikes are seen as overestimated. Meanwhile, Japan's potential for further currency intervention remains a significant factor amid high energy costs, although its long-term impact may be limited.

Big bank views

  • Scotiabank forecasts CAD/JPY to reach 107.1 by Q4 2026.
  • Their expectation for USD/JPY suggests some yen strengthening.
  • UBS expects USD/JPY to moderately decline, indicating modest yen strength.

What could change the outlook

  • Any unanticipated changes in oil prices impacting the Canadian economy.
  • Further currency intervention by Japan that significantly stabilizes the yen.
 

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 =
114.63We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d−0.4%▼
CAD to JPY at 114.6 is just 0.7% below its 3-month average of 115.4, having traded in a very stable 2.7% range from 114.1 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
29 May 2026
115.42
0.7% ▼2 Week
14 Mar 2026
115.67
0.9% ▼3 Month
12 Jun 2025
105.24
9% ▲1 Year
13 Jun 2021
90.23
27.1% ▲5 Year
14 Jun 2016
82.55
38.9% ▲10 Year
17 Jun 2006
102.85
11.5% ▲20 Year
CAD/JPY historic rates & change to 12-Jun-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