CADJPY - Canadian Dollar / Japanese Yen
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The CAD/JPY combination is still popular among investors. It is a little harder to predict than its USD/JPY relative; however, the high volatility and more frequent fluctuations it entails imply that it can offer a clever alternative to the experienced investor. Posing a middling risk, it provides some wonderful opportunities to make substantial profits.
In this pair, the dollar is the base currency, and the dynamics of the pair directly depends on the USD rate. The yen, as the quoted currency, affects the pair in the opposite direction: its growth leads to a decrease in the value of the CAD/JPY quotes.
The pair is most active in Asian and American trading sessions, due to the region of countries that own these currencies. Both economies depend on the situation on the raw commodities market. Canada not only imports it for industrial needs but also exports (timber, wheat, and oil).
If you are interested in trading the CAD/JPY currency pair, contact FxPro today and open trading account in several minutes.