Cross pair
CAD/JPY: volatility, trading hours and correlation
The Canadian dollar against the Japanese yen. CAD/JPY has averaged 77 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 111.694 16 October 2026
- Avg daily range
- 77 pips 90 days · 0.69% of price
- 1-year change
- +4.37% CAD stronger vs JPY
- 52-week range
- 106.232 – 117.513 Low to high
CAD/JPY over the last 12 months
Daily closes
When CAD/JPY moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare CAD/JPY with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Friday is typically busiest and Tuesday quietest.
Calendar-year performance
% change in CAD/JPY each year, latest year to date
CAD/JPY seasonality
Average % change by calendar month across the last 9 years. June has been the strongest month on average and November the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | +0.16% | -0.54% | +0.34% | +1.21% | +0.44% | +2.42% | -0.62% | -0.32% | +0.52% | +1.07% | -1.01% | -0.21% |
| Years up | 44% | 56% | 44% | 78% | 78% | 89% | 44% | 22% | 56% | 56% | 33% | 67% |
CAD/JPY correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for CAD/JPY.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 30 July 2026 | 371 pips | -2.12% | 4.8× |
| 30 April 2026 | 360 pips | -1.61% | 4.6× |
| 31 July 2026 | 259 pips | -1.41% | 3.3× |
| 3 September 2026 | 226 pips | -1.46% | 2.9× |
| 6 May 2026 | 198 pips | -1.10% | 2.5× |
CAD/JPY pip value
Value of a one-pip move (0.01) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
 USD | 6.33 USD | 0.63 USD | 0.063 USD |
 EUR | 5.63 EUR | 0.56 EUR | 0.056 EUR |
 GBP | 4.75 GBP | 0.47 GBP | 0.047 GBP |
 JPY | 1000.00 JPY | 100.00 JPY | 10.000 JPY |
About CAD/JPY
CAD/JPY shows how many Japanese yens (JPY) it takes to buy one Canadian dollar (CAD). When the price rises, the Canadian dollar is strengthening against the Japanese yen.
CAD is issued by the Bank of Canada. It tends to respond to Bank of Canada policy, crude oil prices and the health of the US economy, Canada’s largest trading partner.
JPY is issued by the Bank of Japan. It tends to respond to Bank of Japan policy, the gap between Japanese and US bond yields, and risk sentiment, as the yen often strengthens in risk-off markets.
With an average range of about 77 pips a day, a stop loss of 23–46 pips is roughly a third to two-thirds of a normal day for CAD/JPY. Always size your position from the stop distance with the lot size calculator.
CAD/JPY FAQ
What is the average daily range of CAD/JPY?
Over the last 90 days CAD/JPY moved an average of 77 pips from high to low each day, about 0.69% of its price. Over the past year the average was 78 pips, and over the last 20 trading days it was 73 pips.
What is the best time to trade CAD/JPY?
In the past year CAD/JPY was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (54 pips). The quietest hour was 03:00 UTC. Friday was its busiest weekday on average.
What is CAD/JPY most correlated with?
Based on daily returns over the last year, CAD/JPY moved most closely with USD/JPY (correlation 0.83) and most inversely with EUR/CAD (-0.45).
How much is one pip worth on CAD/JPY?
One pip on CAD/JPY is 0.01 of the price. For one standard lot (100,000 CAD) that is 1,000 JPY, or about $6.33 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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