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Daily brief - Yen stays subdued despite firmer Tokyo inflation
The yen rate today is broadly weaker against USD, CAD, EUR, GBP and AUD as firmer Tokyo inflation fails to overcome wide rate differentials and limited guidance on the timing of further BoJ tightening. Yen is facing particular pressure from the strengthening Australian dollar and CAD’s recovery from overnight lows. Canadian GDP and Chair Warsh’s Jackson Hole speech are today’s main catalysts, with both capable of shifting relative yields and demand for JPY.
CAD/JPY
Current Rate:
115.1359
Last updated:Aug 29, 2026, 02:48 a.m. ET
Actual Trading range
114.99115.32
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Today's JPY headlines
- JPY: Yen remains broadly subdued as firmer Tokyo inflation fails to generate stronger bets of immediate BoJ tightening.
- USD: Yen is weakening against USD as markets await Warsh’s speech and reassess the still-wide US-Japan yield gap.
- CAD: Yen is losing ground to CAD as the Canadian currency recovers before today’s domestic GDP release.
- EUR: Yen is easing against EUR as Japan’s rate disadvantage outweighs the modest softness affecting the common currency.
- GBP: Yen slips against sterling despite limited UK catalysts, with relative rate differentials continuing to favour the pound.
- AUD: Yen is falling against AUD as persistent Australian inflation strengthens expectations of another RBA rate increase.
Yen (JPY) daily performance against major global currencies
Updated: Aug 29, 2026, 02:48 a.m. ET
The yen is essentially unchanged against British pound, gained against New Zealand dollar and Swiss franc, and lost ground against Canadian dollar, US dollar, Chinese yuan, Mexican peso and Australian dollar. Yen's strongest move among the displayed crosses is against the euro, while its largest decline is against the Indian rupee.
CAD / JPY
Current Rate
115.14
Daily Change
0.12%
USD / JPY
Current Rate
160.06
Daily Change
0.43%
EUR / JPY
Current Rate
185.24
Daily Change
-0.25%
GBP / JPY
Current Rate
216.65
Daily Change
0.02%
CNY / JPY
Current Rate
23.88
Daily Change
0.61%
INR / JPY
Current Rate
1.6798
Daily Change
0.74%
NZD / JPY
Current Rate
94.63
Daily Change
-0.20%
MXN / JPY
Current Rate
9.3967
Daily Change
0.06%
CHF / JPY
Current Rate
197.82
Daily Change
-0.18%
AUD / JPY
Current Rate
114.69
Daily Change
0.06%
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What is driving the yen today?
Current Exchange Rate
Updated: Aug 29, 2026, 02:48 a.m. ET
CAD/JPY Historical Exchange Rates
Daily change
+0.12%Weekly change
+0.35%Monthly change
−1.00%3 months change
−0.23%6 months change
+0.69%Yearly change
+7.62%We use mid-market rates. This is for informational purposes only.
As of August 29, 2026, CAD/JPY is trading at 115.14, representing a 0.12% shift in the last 24 hours. The pair is likely to trade within the 114.99-115.32 range.
Yen is weakening against CAD as the Canadian currency recovers while Japan’s wide rate disadvantage continues to outweigh firmer Tokyo inflation. The yen rate today is receiving limited support from the inflation figures because markets are still waiting for clearer BoJ guidance on further tightening.
Canadian GDP is the immediate pair-specific catalyst, while Warsh’s Jackson Hole speech could influence yen demand through its impact on US yields and global rate expectations.
- Firmer Tokyo inflation supports the BoJ case: Persistent price pressures strengthen the argument for another rate increase, but markets still require clearer timing from policymakers.
- Wide yield differentials restrain yen demand: Japan’s comparatively low interest rates continue to encourage carry-trade activity and limit the currency’s recovery.
- Canadian GDP presents direct CAD-side risk: Stronger growth could weaken yen further against CAD, while a disappointment may help JPY recover.
- Relative momentum currently favours CAD: CAD’s rebound is pressuring yen today, although Canadian trade tensions could prevent this advantage from becoming sustained.
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FAQs
As of August 29, 2026, CAD/JPY is trading at 115.14, meaning one Canadian Dollar buys approximately 115.14 JPY.
The CAD to JPY exchange rate is 115.14. The pair opened at 115.03 and has moved 0.12% today.
CAD/JPY is up by 0.12% today, with short-term market sentiment currently bullish. 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 up by 0.12%, with a bullish 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 -1.00% over the past month and +0.70% year-to-date. It is currently trading above its 50-day moving average of 114.52. 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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