About Cad-Jpy and Cad-Jpy Trading
What type of currency pair is CAD/JPY?
The CAD/JPY is a minor currency pair, as it consists of a major currency (JPY – the Japanese Yen) and another currency (CAD – Canadian Dollar).
The Japanese Yen is the quote currency, and the Canadian Dollar is the base currency. The CAD/JPY currency pair shows traders how much the CAD is worth when compared to the JPY.
Drivers for the CAD/JPY currency pair
The CAD/JPY pair is affected by major factors such as supply and demand, interest rates, political stability, and economic growth.
Additionally, the Japanese Yen is considered one of the safe-haven currencies, while the Canadian Dollar is positively correlated with oil prices. Both of these factors impact the CAD/JPY prices.
How can you trade the USD/CNH currency pair?
At CAPEX.com you can follow the USD/CNH live chart to trade on the price movements of this currency pair through CFDs. If you think that prices will go up, you can open a long position (BUY). If you think prices will decrease, you can open a short position (SELL).
When can you trade the USD/CNH pair?
Here at CAPEX.com you can trade the NZD/CHF pair from Sunday to Friday, between 21:05-20:55 GMT. If you cannot trade at those hours, you can always pick another currency pair, as we have more than 55 FX pairs available.