Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

Currency outlook CAD/JPY

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

18 Jul 2026 • 00:47 GMT

CAD/JPY 115.8

📊 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 60-day highs near 115.8, holding near the 90-day average. The dominant driver from structured analysis is risk sentiment, which remains tilted towards safe havens. The pair's recent range is narrow, impacted by risk-off conditions as global risks persist. Near-term conditions suggest the pair may remain supported but faces limited upside potential.

💸 Transfer implications

  • Expats: sending money to Japan may find conversions less favourable than recent levels.
  • Travellers: buying Japanese Yen might see continued support, but risks of a pause or slight decline.
  • Businesses: paying JPY invoices could face pressure if the pair softens further.

🧭 Key drivers

  • Rate gap: The Bank of Japan's dovish policies contrasted with relatively higher Canadian yields are keeping the pair stable near recent highs.
  • Risk/commodities: Safe-haven flows supported by risk-off sentiment are weighing on Canadian dollar sentiment.
  • Global factors: Broader macroeconomic concerns and cautious global risk appetite influence the pair's direction.

⚠️ What could change it

  • Upside risk: A sudden improvement in risk appetite could weaken safe-haven demand and support CAD.
  • Downside risk: Japanese authorities intervening to weaken the yen or stronger global risk aversion could pressure the pair lower.

BER suggests shopping around for the lowest margin provider may help reduce overall transfer costs. Comparing FX providers can offset less favourable exchange conditions, and finding providers with lower margins can reduce total 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 =
116.18We compare provider deals to this wholesale mid-market rate. Read more
JPY
1d+0.4%▲
CAD to JPY is at 60-day highs near 116.3, 1.1% above its 3-month average of 115, having traded in a very stable 3.2% range from 113.6 to 117.2
|
Tracker

Manage Tracker   

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
10 Jul 2026
114.06
2% ▲2 Week
25 Apr 2026
116.51
0.1% ▼3 Month
24 Jul 2025
107.77
8% ▲1 Year
25 Jul 2021
87.96
32.3% ▲5 Year
26 Jul 2016
79.82
45.8% ▲10 Year
29 Jul 2006
101.64
14.5% ▲20 Year
CAD/JPY historic rates & change to 24-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.

 
Track Rate
 

Manage Tracker   

 

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