CAD/JPY - Canadian Dollar Japanese Yen

The Canadian Dollar- Japanese Yen pairing CAD/JPY (Canadian Dollar Japanese Yen) is a perfect bypass for the trader who wants to avoid the dollar but trade on similar gains. It is, however, typically more sensitive to market sentiment then the USD-JPY pairing. This is mainly due to the historically higher yield of the Canadian Dollar. Remember that it is also affected by the oil price due to Canada’s export of crude oil.

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