CAD/JPY

CAD/JPY CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Canadian Dollar against the Japanese Yen.

The Canadian Dollar, issued in Canada, is heavily influenced by commodity prices, particularly oil, due to Canada's significant natural resource exports. The Canadian Dollar may experience fluctuations in response to these commodity prices and other economic indicators related to Canada.

The Japanese Yen, issued in Japan, is considered a safe-haven currency, often sought after during times of economic uncertainty. Japan's economic stability and low interest rates contribute to the Yen's role as a safe haven. Therefore, the Japanese Yen may experience fluctuations based on global economic stability and investor risk sentiment. The CAD/JPY currency pair will be influenced by the differences in the Canadian economy, which is heavily influenced by commodities, and the Japanese economy, which is seen as a safe haven.