FX_IDC:CADJPY chart by TradingView


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.


US Dollar (DXY) Regaining Bullish Posture; Rising Yields Hit Yen

Outside engulfing bars yesterday in both EUR/USD and DXY Index bode well for further US Dollar strength.
Continue Reading

USD/CAD Trades Higher Despite Jobs Growth Picking Up in Canada

USD/CAD Jumps as BOC Signals Dovish Shift amid Weaker Growth

Japanese Yen Sees Consecutive Losses Heading Into US Jobs Data

CAD/JPY Bouncing From Key Support Zone

Real Time News

Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in EURAUD, GBPUSD, AUDJPY & CADJPY
Expertise: Near-term Technicals
Average Time Frame of Trades: 1-2 Days


Pivot Points


Forex Economic Calendar

A: Actual   F: Forecast    P: Previous