CAD/JPY - The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. Further, the 'Loonie' – as the Canadian Dollar is known – is affected by oil prices because of Canada's energy exports.
Click here for live CAD/JPY rates.
Weekly Canadian Dollar and Japanese Yen Trading Forecast
|Swiss Franc Opportunities Seen Beyond Breakneck Volatility||neutral|
|USDJPY Stands at 2015 High With Fed and BoJ Policy in the Forefront||neutral|