Frequently Asked Questions
What is the pip value for CAD/JPY?
One standard lot (100,000 units) on CAD/JPY has a pip value of approximately $868.87. The minimum price increment (tick) is 0.01. A pip is typically the second decimal place for this pair, meaning 1 pip = 0.01 for yen pairs.
What time is CAD/JPY most active?
CAD/JPY sees its highest trading volume during the Tokyo and New York sessions. Cross pairs like this one see their best liquidity during the overlap of their two currency sessions. Outside of those windows, spreads may widen and order book depth can decrease.
What economic events affect CAD/JPY most?
The most impactful events for CAD/JPY come from the CAD and JPY economies. Bank of Japan policy decisions, including any changes to yield curve control, are the yen's highest-impact events. Japan's Tankan business survey and GDP data also matter. Canadian employment data and Bank of Canada rate decisions are the domestic catalysts. Crude oil inventory reports (EIA weekly) often move CAD pairs because of Canada's large energy export sector. The upcoming events section above lists the specific releases scheduled in the next two weeks.