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JPY to CAD Forecasts – Japanese yen to Canadian dollar

Latest JPY to CAD forecasts including bank predictions, key market drivers and recent trends for JPY/CAD. See where analysts expect the pair to move and the factors likely to influence it.

 

JPY to CAD Forecast & Outlook

04 Jul 2026 • 00:55 GMT

JPY/CAD 0.008803

📊 Forecast snapshot

  • Near-term bias: 🟢 Mild upside
  • Expected range: 0.0090 – 0.0090
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🔴 Downtrend

Currently, JPY/CAD is trading close to its 90-day highs, holding near 0.0088. The pair is supported by safe-haven flows and risk-off sentiment, with the yen near 90-day highs. Over the next few sessions, the pair could face upward pressure if risk sentiment persists, but current near-term conditions suggest a cautious tone.

💸 Transfer implications

  • Expats: sending money to Canada may find JPY to CAD conversions more favourable than recent levels.
  • Travellers: exchanging currency could see support for Japanese yen, making international purchases slightly cheaper.
  • Businesses: paying Canadian invoices in JPY may benefit from the pair's upward momentum.

🧭 Key drivers

  • Rate gap: The Japanese yen remains supported by its safe-haven status, amidst no clear yield advantage over the Canadian dollar.
  • Risk/commodities: Risk-off sentiment and geopolitical tensions continue to bolster safe-haven currencies.
  • Global factors: Market stress and geopolitical tensions underpin safe-haven flows, supporting the yen.

⚠️ What could change it

  • Upside risk: A shift in risk appetite could weaken the yen and lower the pair.
  • Downside risk: Intervention by Japanese authorities or a sudden improvement in global risk sentiment may cause a reversal.

Shopping around for the lowest margin provider 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.
 

JPY-CAD Rate Calculator

 
 
   
   
   
   
   
 
 

JPY to CAD Market Data

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

 
Sell JPY   →   Buy CAD
1 JPY =
0.008715We compare provider deals to this wholesale mid-market rate. Read more
CAD
1d−0.2%▼
JPY to CAD at 0.008749 is just 0.6% above its 3-month average of 0.008693, having traded in a very stable 3.2% range from 0.008531 to 0.008803
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  1 CAD = 114.74 JPY

Compare & Save - Japanese yen to Canadian dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Japanese yen (JPY) to Canadian dollar (CAD) rates from different sources before making a conversion.

Use our JPY to CAD 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 Yen to Loonie currency rates and the possible savings of using various providers.

 
 

Will the Japanese yen rise against the Canadian dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Japanese yen vs Canadian dollar current value is to look the JPY/CAD historic rate and change over a range of periods.

The following table looks at the change in the JPY to CAD exchange rate over periods from the previous week back to the last 10 years.

DateJPY/CADPeriod
20 Jun 2026
0.008781
2 Week
05 Apr 2026
0.008729
3 Month
04 Jul 2025
0.009422
1 Year
05 Jul 2021
0.0111
5 Year
06 Jul 2016
0.0128
10 Year
09 Jul 2006
0.009741
20 Year
JPY/CAD historic rates

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 JPY/CAD 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