CAD/JPYCADJPY
Daily Market Briefing
Latest briefing
CAD/JPY forms bearish reversal pattern after reaching 5-month high
Over the past 24 hours, CAD/JPY has formed a bearish reversal pattern, indicating potential downside risk. This development suggests that the recent uptrend may be losing momentum.
Previous briefings
CAD/JPY rallies as yen weakens, despite subdued crude oil prices.
Over the past 24 hours, CAD/JPY has experienced a rally primarily driven by a weaker Japanese yen, even as crude oil prices remain subdued. This movement suggests that the yen's weakness is the dominant factor influencing the currency pair, rather than any significant strength in the Canadian dollar.
CAD/JPY rallies on yen weakness despite subdued crude oil prices.
Over the past 24 hours, CAD/JPY has experienced a rally primarily driven by a weaker Japanese yen, even as crude oil prices remain subdued. This movement suggests that the yen's weakness is the dominant factor influencing the currency pair, rather than any significant strength in the Canadian dollar.
Bank of Japan's rate check triggers CAD/JPY volatility; pair at 114.60–114.70.
In the past 24 hours, the Bank of Japan's formal rate check has introduced significant volatility in the CAD/JPY pair, currently trading between 114.60 and 114.70. This intervention aims to curb yen depreciation, impacting the currency pair's dynamics.
CAD/JPY rises to 112.65 amid yen weakness and Canadian dollar underperformance.
Over the past week, CAD/JPY has appreciated to 112.65, influenced by a weaker Japanese yen and a relatively underperforming Canadian dollar. The yen's decline is attributed to a shift in investor positioning, with net long positions increasing by approximately 103,000 contracts, marking the largest weekly rise since early August. Conversely, the Canadian dollar has faced challenges due to global risk sentiment and domestic economic factors.
CAD/JPY rises over 50 pips as BoJ hikes rates by 25 basis points
The Bank of Japan (BoJ) raised its policy rate by 25 basis points to 1.25% on September 18, 2026, leading to a significant weakening of the Japanese yen across major currency pairs. This move has resulted in a notable appreciation of the Canadian dollar against the yen, with CAD/JPY gaining over 50 pips. The BoJ's decision marks its most significant policy shift in three decades, contributing to increased volatility in the forex market.
CAD/JPY faces pivotal support as yen hits 30-year high ahead of BOJ rate decision.
The CAD/JPY currency pair is encountering significant support levels as the Japanese yen reaches its highest point in 30 years, driven by expectations of a Bank of Japan (BOJ) rate hike to 1.25% on Friday. This anticipated policy shift contrasts with the Bank of Canada's recent decision to maintain rates at 2.25%, highlighting divergent monetary policies between the two nations. The outcome of the BOJ's decision is poised to be a critical factor influencing CAD/JPY's near-term direction.
CAD/JPY trades at 111.05 amid oil selloff and upcoming BoJ policy decision.
Over the past 24 hours, CAD/JPY has remained relatively stable, trading at 111.05. The Canadian dollar faces downward pressure due to a recent selloff in oil prices, a key Canadian export. Additionally, market participants are closely watching the Bank of Japan's upcoming policy decision, which could influence the yen's strength.
CAD/JPY trades at 110.72, down 0.93% from previous close.
Over the past 24 hours, CAD/JPY has experienced a slight decline, closing at 110.72, down 0.93% from the previous close. This movement reflects a broader trend influenced by recent market developments.
CAD/JPY drops to 110.69 amid yen strengthening and Canadian dollar shorts reduction.
Over the past 24 hours, CAD/JPY declined to 110.69, influenced by a significant shift in yen positioning and a reduction in Canadian dollar short positions. The yen's net long positioning increased by approximately 103,000 contracts, marking the largest weekly rise since early August. Concurrently, Canadian dollar shorts decreased by about 37,600 contracts, the most substantial weekly improvement since mid-December 2025.
TD Securities forecasts CAD to gain prominence as a global carry funding currency.
TD Securities suggests that the Canadian Dollar (CAD) is poised to become a more significant global carry funding currency, with its carry-to-volatility profile now comparable to the Japanese Yen (JPY). This shift follows recent U.S. tariffs, which have led to a rally in USD/CAD, aligning with TD Securities' year-end forecast of 1.39. However, they anticipate potential bearish catalysts in the near term as tariff impacts influence economic data and market sentiment, potentially overshadowing the Bank of Canada's recent hawkish stance.
CAD/JPY remains stable amid U.S.-Canada trade tensions and Japanese yen steadiness.
Over the past 24 hours, CAD/JPY has maintained a steady course, influenced by ongoing trade disputes between the U.S. and Canada, which have impacted the Canadian dollar's performance. Simultaneously, the Japanese yen has remained relatively unchanged following comments from Bank of Japan Deputy Governor Ryozo Himino, who suggested that timely rate hikes could prevent future inflation spikes.
Canada imposes retaliatory tariffs on U.S. goods, strengthening CAD/JPY.
In the past 24 hours, the Canadian dollar (CAD) has strengthened against the Japanese yen (JPY) following Canada's announcement of retaliatory tariffs on U.S. imports. This move aims to counteract the U.S. imposing a 50% tariff on certain Canadian goods. The escalation in trade tensions has led to increased demand for the CAD, bolstering its value against the JPY.
CAD/JPY dips to 115.09 amid escalating US-Canada trade tensions
The Canadian dollar weakened against the Japanese yen, with CAD/JPY falling to 115.09, as escalating trade tensions between the US and Canada led to the imposition of 50% tariffs on Canadian goods by the US, prompting Canada to retaliate.
Canada to impose retaliatory tariffs on U.S. imports starting September 8, 2026.
In response to the U.S. implementing 50% tariffs on $20 billion worth of Canadian products, Canada announced it will impose matching tariffs on U.S. imports starting September 8, 2026. This escalation in trade tensions is expected to negatively impact the Canadian dollar against the Japanese yen.
CAD/JPY remains steady at 115.96 amid yen's 40-year low and Bank of America short position.
Over the past 24 hours, CAD/JPY has maintained a stable trading range around 115.96. The Japanese yen continues to trade near a 40-year low against the US dollar, influenced by a significant interest rate differential between Japan and other major economies. Additionally, Bank of America has initiated a short position on CAD/JPY, citing concerns over potential US-Mexico-Canada Agreement (USMCA) tariffs and possible Japanese currency intervention.
Canadian Dollar strengthens against Japanese Yen amid rising oil prices
Over the past 24 hours, the Canadian Dollar (CAD) has appreciated against the Japanese Yen (JPY), primarily driven by a surge in oil prices. The CAD's performance is closely linked to oil, as Canada is a major oil exporter. Additionally, recent data indicates a significant increase in bearish positions against the CAD, suggesting market concerns over potential trade tensions.
Bank of America initiates short position on CAD/JPY amid tariff uncertainties
In the past 24 hours, Bank of America has taken a short position on the CAD/JPY currency pair, citing growing uncertainties surrounding the United States-Mexico-Canada Agreement (USMCA) and potential Japanese currency interventions. This move reflects concerns over escalating trade tensions and their impact on currency markets.
Bank of America initiates short position on CAD/JPY amid tariff concerns
Bank of America has opened a short position on the CAD/JPY currency pair, citing increased uncertainty surrounding the United States-Mexico-Canada Agreement (USMCA) and potential intervention in Japan's currency market. The strategists set a target of 112.00 yen per Canadian dollar, with an entry point at 115.65 and a stop loss at 118.90. They noted that the CAD/JPY pair traded 0.1% higher on the day at 115.59, gaining about 1% so far this month.
CAD/JPY surges past 115 as oil prices rise amid Middle East tensions
Over the past 24 hours, CAD/JPY has broken above the 115 yen level, driven by escalating oil prices and geopolitical tensions in the Middle East. This surge reflects the Canadian dollar's sensitivity to oil market dynamics, while the Japanese yen remains under pressure due to Japan's trade deficit and low interest rates.
CAD/JPY remains stable at 114.22 amid yen bearishness and policy concerns.
Over the past 24 hours, CAD/JPY has maintained a steady position at 114.22. Investor sentiment towards the Japanese yen has reached a four-year low, driven by concerns over Japan's monetary and fiscal policies. Despite this, the Canadian dollar has remained relatively unaffected, keeping the CAD/JPY pair stable.
CAD/JPY remains steady at 113.75 amid low trading activity.
Over the past 24 hours, CAD/JPY has maintained a stable trading range, with no significant market-moving events reported. This stability is likely due to the holiday season, leading to reduced trading volumes and limited market activity. Traders should anticipate a continuation of this trend until the markets resume normal operations.
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AI-generated from public news sources. Not financial advice.
