CAD/JPY features two currencies that are popularly traded around the world. This pair is based on the value of the Canadian dollar against the Japanese yen and its price reflects how many yen (the quote currency) are needed to buy one Canadian dollar (the base currency). Interest rates play an important role in the volatility of this currency pair, as do monetary policy announcements from either the Bank of Canada or Bank of Japan. Canada also has large energy exports, so its currency can be affected by oil prices. Traders may substitute trading major currency pair USD/JPY when the dollar is volatile, leading them to this currency pair instead. View our CAD/JPY live chart and open a spread betting or CFD trading account to get started.