CAD/JPY
CAD/JPY is a currency pair that consists of the Canadian dollar (CAD) and the Japanese yen (JPY). It is one of the most popular currency pairs in the world, and is often used by traders and investors to speculate on the relative strength of the two currencies. The CAD/JPY rate is determined by the supply and demand of the two currencies in the foreign exchange market.
History of CAD/JPY
The CAD/JPY currency pair has been around since the early 1970s, when the Canadian dollar was first floated against the US dollar. Since then, the CAD/JPY rate has fluctuated widely, reflecting the changing economic and political conditions in both Canada and Japan. In recent years, the CAD/JPY rate has been relatively stable, as both countries have experienced strong economic growth.
The CAD/JPY rate is also affected by the relative strength of the two currencies. The Canadian dollar is typically seen as a safe-haven currency, while the Japanese yen is often seen as a riskier currency. As such, the CAD/JPY rate can be used as a barometer of risk sentiment in the global markets.
CAD/JPY Comparison
| Currency | Value |
|---|---|
| CAD/JPY | 0.0085 |
| USD/JPY | 0.0093 |
| EUR/JPY | 0.0081 |
Summary
CAD/JPY is a popular currency pair that consists of the Canadian dollar and the Japanese yen. The CAD/JPY rate is determined by the supply and demand of the two currencies in the foreign exchange market, and is affected by the relative strength of the two currencies. Traders and investors often use the CAD/JPY rate as a barometer of risk sentiment in the global markets. For more information about the CAD/JPY rate, you can visit websites such as Investopedia, Bloomberg, and Reuters.
See Also
- USD/JPY
- EUR/JPY
- GBP/JPY
- AUD/JPY
- NZD/JPY
- CHF/JPY
- CNY/JPY
- HKD/JPY
- SGD/JPY
- Forex Trading
