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Canadian Dollar/Japanese Yen Exchange Rate in Real Time
Real-time data by Cornèrtrader
The CADJPY chart is an interactive representation of the Canadian Dollar/Japanese Yen exchange rate. It shows the fluctuations in real time and along time between the two currencies. The interactive chart is used by investors when trading in the Forex market, in fact, the fluctuations graphically represented are used for analyzing trends in the CADJPY variation over time.
With more than $5,5 trillion daily turnover, the Forex trading market is the largest financial market in the world. With Cornèrtrader you can trade from over 160 currency pairs, including majors, minors and exotics. Try our free demo now!
The Basics of Currency Pairs
An exchange rate quote can be defined as the value of a foreign (variable) currency related to another (base) currency. The base currency is the code on the left side of the currency pair (CAD) and is the one being quoted first and which conducts the trade. Thus, when buying a currency, the price you are being offered refers to the value of the base currency (CAD) compared to the variable currency (JPY). The difference between the bid price (selling price) and the offer price (buying price) is called spread. When trading with currency pairs, even the smallest price oscillation can result in high profit or loss due to the use of leverage. Leverage is one of the major points of attraction of the Forex market.
CADJPY Online Trading
What is CAD?
CAD is the currency symbol of the Canadian dollar. It is made up of 100 cents and is often symbolized with C$ to recognize it from the U.S. dollar. CAD is also known as the “commodity currency” since Canada exports most of its resources; oil, fish, alimentary goods and minerals. The central Bank is the Bank of Canada.
What is JPY?
JPY is the currency code for the Japanese Yen, the currency of Japan. The yen is formed from 100 Sen or 1000 Rin and its symbol is ¥. After the U.S. dollar and the Euro, the Japanese Yen, is the most traded currency in the Forex. The central bank is Bank of Japan.
Types of Trading Charts
From 1 minute to one month
Charts can cover different timeframes and the data contained in them can be : intraday, daily, weekly, monthly, quarterly or annual. The less compressed data is, the more detailed it is in the chart. Long-term charts are used to analyze price fluctuations from a broader perspective. Short-term charts provide a more detailed insight into value changes.
A line chart is a graphic representation in which closing prices of a given market are shown over a specific period of time. A series of data points, called “markers”, are connected to each other by straight line segments to form a curve on the chart. A line chart is used to identify trends in data changes over time and adopts a chronological display.
Originating from Japan, the candlestick chart is a form of financial chart used to describe price movements over a defined period of time. It shows the opening, the highest, lowest and closing values, and the relationship between them. It is considered to be visually easier to read than other graphic representations and gives a more accurate picture of price fluctuation.
OHLC (Open High Low Close)
Open, High, Low and Close values over a certain time period are used to create a candlestick chart. The filled part of the chart is called “body”; the thin lines above and below the body represent the high and low values and are called “shadows”.
If the closing price is higher than the opening price, the body will be white (not filled); if not, it will be black (filled). The lines above and below are called shadows, and represent the high and the low values. The top of the upper shadow marks the high value and the bottom of the lower shadow marks the low value.
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