cad jpy investing

Canadian Dollar/ Japanese Yen

Traders who are concerned about trading the US Dollar often trade the Canadian Dollar/Japanese Yen cross instead. Due to the historically higher yield associated with the Canadian Dollar, CAD/JPY has historically been more sensitive to changes in market sentiment than USD/JPY. Furthermore, because Canada exports energy, the Canadian Dollar - also known as the Loonie - increases and decreases in value based on oil prices.