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CAD/JPY

Canadian Dollar vs. Japanese Yen

The cross between the Canadian Dollar and the Japanese Yen is viewed as a powerful alternative for the USD/JPY pair, should a trader be apprehensive about trading the US Dollar. Nonetheless, the pair is historically more susceptible to shifts in market-wide attitudes than USD/JPY because of the higher yield attributed to the Canadian Dollar in prior years. Additionally, the 'Loonie' - otherwise known as the Canadian Dollar - is influenced by oil prices, due to Canada's energy exports.