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Daily brief - Yen pauses after BoJ-driven rally
Yen is softer against USD, CAD, EUR, GBP and AUD as investors take profits following its sharp two-day advance. The yen rate today remains supported by expectations of a September Bank of Japan rate increase and reduced odds of near-term Fed tightening. Today’s US payrolls will influence the US-Japan yield gap, while Canadian employment data will provide the main CAD/JPY catalyst.
CAD/JPY
Current Rate:
112.9847
Last updated:Sep 05, 2026, 03:07 p.m. ET
Actual Trading range
112.02113.45
Personal
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Today's JPY headlines
- JPY: Yen retreats across the major currencies as traders consolidate positions following a sharp rally driven by hawkish BoJ repricing.
- USD: Yen weakens modestly against USD as the greenback recovers before payrolls, although softer Fed expectations limit the move.
- CAD: Yen loses ground against CAD as elevated oil prices support the Canadian currency before Canada’s employment report.
- EUR: Yen eases against EUR as profit-taking outweighs the impact of unexpectedly weak eurozone retail sales.
- GBP: Yen retreats against GBP as sterling retains support from expectations that UK interest rates will remain restrictive.
- AUD: Yen weakens against AUD as persistent Australian inflation and hawkish RBA expectations support the Australian currency.
Yen (JPY) daily performance against major global currencies
Updated: Sep 05, 2026, 03:07 p.m. ET
The yen is essentially unchanged against Canadian dollar, gained against Swiss franc, and lost ground against US dollar, euro, British pound, Chinese yuan, New Zealand dollar, Mexican peso and Australian dollar. Yen's strongest move among the displayed crosses is against the Swiss franc, while its largest decline is against the Indian rupee.
CAD / JPY
Current Rate
112.98
Daily Change
0.05%
USD / JPY
Current Rate
156.26
Daily Change
0.27%
EUR / JPY
Current Rate
181.55
Daily Change
0.21%
GBP / JPY
Current Rate
211.21
Daily Change
0.20%
CNY / JPY
Current Rate
23.37
Daily Change
0.70%
INR / JPY
Current Rate
1.6544
Daily Change
0.77%
NZD / JPY
Current Rate
91.89
Daily Change
0.31%
MXN / JPY
Current Rate
9.2539
Daily Change
0.43%
CHF / JPY
Current Rate
193.01
Daily Change
-0.14%
AUD / JPY
Current Rate
112.52
Daily Change
0.44%
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What is driving the yen today?
Current Exchange Rate
Updated: Sep 05, 2026, 03:07 p.m. ET
CAD/JPY Historical Exchange Rates
Daily change
+0.05%Weekly change
−1.76%Monthly change
+0.40%3 months change
−1.70%6 months change
−1.91%Yearly change
+5.98%We use mid-market rates. This is for informational purposes only.
As of September 5, 2026, CAD/JPY is trading at 112.98, representing a 0.05% shift in the last 24 hours. The pair is likely to trade within the 112.02-113.45 range.
The yen is weakening modestly against CAD as profit-taking follows its recent rally, while elevated oil prices provide support for the Canadian currency. The yen rate today retains an underlying cushion from expectations that the BoJ could raise rates this month.
Canadian employment data will determine whether CAD can extend its advantage, while US payrolls could affect yen demand through changes in Treasury yields and Fed expectations.
- JPY driver one: Markets have increased expectations of a 25-basis-point BoJ increase this month as officials remain concerned about upside inflation risks.
- JPY driver two: Recent yen gains appear to reflect monetary policy repricing rather than direct intervention, potentially making the underlying recovery more sustainable.
- CAD-side driver: Strong Canadian employment would reinforce the BoC’s hawkish stance and weaken yen against CAD, while disappointing figures could reverse today’s move.
- Relative-momentum driver: Strong US payrolls could lift Treasury yields and pressure yen broadly, while a softer report would narrow the perceived US-Japan policy gap.
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FAQs
As of September 5, 2026, CAD/JPY is trading at 112.98, meaning one Canadian Dollar buys approximately 112.98 JPY.
The CAD to JPY exchange rate is 112.98. The pair opened at 112.90 and has moved 0.05% today.
CAD/JPY is essentially unchanged by 0.05% today, with short-term market sentiment currently neutral. A falling CAD/JPY rate indicates a weaker Canadian dollar, while a rising rate indicates a stronger Canadian dollar.
The CAD/JPY typically responds to BoJ and BoC interest-rate expectations, oil prices and economic data. Today, the pair is essentially unchanged by 0.05%, with a neutral short-term bias.
Because the bank or any FX provider you are using applies a margin on the mid-market exchange rate that you see on Google.
CAD/JPY has moved +0.40% over the past month and -1.18% year-to-date. It is currently trading below its 50-day moving average of 114.64. Whether it is a suitable time to convert depends on which currency you hold, your payment deadline and your tolerance for further movement.
Compare the total CAD received after the exchange rate spread and transfer fees. Rate alerts, limit orders, staged transfers and specialist FX providers may also help you manage the timing and overall cost of the conversion.
Open or sign in to your account, request a JPY-to-CAD quote, add the recipient’s Canadian banking details and fund the transfer in yen. The funds are converted into Canadian dollars before being deposited into the recipient’s account.
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