- Trading
- Instrument Specifications
- Currency Pairs
- CAD / JPY Investing
Trading a Currency Pair - CADJPY
CAD/JPY Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 3.5 | 3.5 | 3.5 |
| Floating Spread, pip | 2.8 | 2.8 | 3.5 |
| Order distance, pip | 7 | 7 | 7 |
| Swap, pip (Long/Short) | 0.61 / -1.55 | 0.61 / -1.55 | 0.61 / -1.55 |
| Digits | 0.01 | 0.01 | 0.01 |
|
Available volumes | >=10000.00 CAD | 100.00 – 100000.00 CAD | >=100.00 CAD |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 1000 JPY | 1000 JPY | 1000 JPY |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 3.5 | 3.5 | 3.5 | 3.5 |
| Order distance, pip | 7 | 7 | 7 | 7 |
| Swap, pip (Long/Short) | 0.61 / -1.55 | 0.61 / -1.55 | 0.61 / -1.55 | 0.61 / -1.55 |
| Digits | 0.01 | 0.01 | 0.01 | 0.01 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 CAD | 100000 CAD | 100000 CAD | 100000 CAD |
|
1 pip value per 1 lot | 1000 JPY | 1000 JPY | 1000 JPY | 1000 JPY |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 2.8 | 2.8 | 3.5 | 2.8 |
| Order distance, pip | 7 | 7 | 7 | 7 |
| Swap, pip (Long/Short) | 0.61 / -1.55 | 0.61 / -1.55 | 0.61 / -1.55 | 0.61 / -1.55 |
| Digits | 0.01 | 0.01 | 0.01 | 0.01 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 CAD | 100000 CAD | 100000 CAD | 100000 CAD |
|
1 pip value per 1 lot | 1000 JPY | 1000 JPY | 1000 JPY | 1000 JPY |
CAD/JPY Trading Hours
CAD/JPY trading hours are the time when investors can buy and sell CAD/JPY. The CAD/JPY is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade CAD/JPY during different trading hours. Depending on where you live, you may be able to trade CAD/JPY at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when CAD/JPY trading hours begin and end.
The CAD/JPY is considered to be a good alternative to the USD/JPY currency pair when traders avoid trading the US Dollar. CAD/JPY currency pair is usually more sensitive to market wide sentiment changes than the USD/JPY due to the historically higher yield of the Canadian Dollar. Moreover, since Canada is an energy exporter country, the currency is highly affected by changes in oil prices.
"CADJPY Trading
The CADJPY is considered to be a good alternative to the USD/JPY currency pair when traders avoid trading the US Dollar. CADJPY currency pair is usually more sensitive to market wide sentiment changes than the USDJPY due to the historically higher yield of the Canadian Dollar. Moreover, since Canada is an energy exporter country, the currency is highly affected by changes in oil prices. This pair presents how many Japanese Yens are needed to trade CADJPY. For a deeper understanding how to trade currency pairs, for example CADJPY, you will need to know about bid and ask, pips and more, we suggest to start from basics "What is Forex Trading".
Currency Pair CADJPY | Forex | Major
The Canadian dollar (CAD, “Loonie”) is the 7th most traded currency in the world. The issuer is the Bank of Canada.
- Is affected by its neighbor country, USA economy.
- Refers to "commodity" currencies, as the economy of Canada depends on commodity export (particularly, energy, wood and oil).
