The live yen-to-Canadian-dollar rate, updated every minute. Book JPY→CAD with SummitFX on WhatsApp — we accept incoming JPY via SWIFT and settle CAD via SWIFT to your Canadian recipient bank.
Use the tabs to view the last week, month, year, or five years of daily closing rates. The shaded band shows the high-low range for the period — a quick visual read on volatility.
Type in either box — enter a JPY amount to see what you'd get in CAD, or enter a target CAD amount to see how many yen you'd need. Calculated at the live mid-market rate shown above.
Note: The rate shown is the live mid-market rate. Your actual executable rate includes a small spread — typically 0.5–0.9% at SummitFX vs 2–4% at a UK high street bank. We'll always show the full breakdown before you book.
JPY/CAD is the mirror of CAD/JPY — read from the Japanese side. The pair moves on Bank of Japan policy, Bank of Canada policy, oil prices, US economic data (since Canadian growth depends heavily on US demand), and global risk sentiment. As JPY is the world's premier funding currency for carry trades and CAD a moderately risk-on commodity currency, JPY/CAD typically rises in stress episodes (carry trade unwinds, oil weakness, JPY safe-haven flow) and falls in bullish risk-on phases.
Bank of Japan policy: The BoJ has run the world's loosest monetary policy for decades. Slow normalisation under Governor Ueda is now under way, and every BoJ meeting is closely watched for hints of further policy shifts. Decisions and the post-meeting press conference are the biggest scheduled JPY events.
Safe-haven repatriation: Japanese institutions hold trillions in foreign assets. In stress episodes they repatriate, generating massive JPY buying. This is the single most important driver of JPY strength during global crises — and what makes JPY/CAD rally sharply in risk-off.
MoF intervention threat: Japan's MoF has a long history of FX intervention. Verbal warnings often precede actual intervention. Intervention typically targets USD/JPY but affects JPY/CAD through the broader yen complex.
Japanese inflation: Japan emerged from chronic deflation only recently. Sustained inflation above 2% justifies BoJ normalisation; soft prints push expectations the other way.
Fiscal year-end (March): Japanese companies and institutions rebalance around 31 March. Repatriation flows in February-March often strengthen JPY; April typically sees yen weakness as new fiscal-year outbound flows resume. This is a predictable seasonal pattern in JPY/CAD.
Bank of Canada policy: The BoC sets Canadian interest rates and meets eight times a year. Decisions, the post-meeting Monetary Policy Report, and Tiff Macklem's press conferences are the biggest scheduled CAD events. The BoC's policy path tends to track the Fed closely given US-Canada integration.
Oil prices: Canada is a major oil producer; oil exports are a meaningful share of national GDP. Rising oil prices typically support CAD; falling oil weighs on it. WTI is the relevant benchmark.
US data and Fed policy: Around 75% of Canadian exports go to the US, so Canadian growth is closely linked to US demand. US non-farm payrolls and CPI prints often move CAD as much as Canadian-specific data — sometimes more.
Canadian housing market: Canadian housing is a meaningful macro variable, affecting both consumer wealth and BoC's financial stability concerns. Major housing-sector developments can move the loonie.
Risk sentiment: CAD is moderately risk-on. In bullish global markets CAD typically strengthens; in stress episodes it weakens against safe havens like JPY. The CAD-oil correlation amplifies both directions.
Japan and Canada share strong commercial ties strengthened by the CPTPP. Bilateral trade is worth around C$30 billion annually. The corridor's defining feature is Japanese auto manufacturing in Canada — Honda's Alliston plant and Toyota's Cambridge and Woodstock plants are major Canadian manufacturing operations. Japanese institutional investors are also significant holders of Canadian government bonds, generating regular JPY-CAD flow. Canadian commodity exporters receive JPY revenue from Japanese buyers (lumber, pulp and paper, coal, copper).
JPY→CAD settles via SWIFT through our Canadian correspondent network. Time-zone alignment is challenging — Japan is 13-14 hours ahead of Toronto and 8-9 hours ahead of central Europe, so Japanese morning bookings reach the UK before our cutoff but afternoon Japanese bookings often miss it.
Three things most commonly cause JPY→CAD transfers to miss same-day settlement:
Late JPY arrival in UK time. Our cutoff is 11:00 UK time for same-day CAD settlement. JPY wires sent from Japan in the morning typically arrive in the UK by mid-morning UK time, but Japanese afternoon bookings often miss our cutoff. Plan to send from Japan early in their business day.
Japanese intermediary bank holds. SWIFT wires from regional Japanese banks often route through a megabank (MUFG, Mizuho, SMBC) before reaching our European correspondent. This typically adds 1-2 hours of internal processing.
Canadian or Japanese bank holidays. If Canadian banks are closed (Canada Day, Thanksgiving in October, Family Day, Victoria Day), CAD wires won't post. If Japanese banks are closed (Golden Week, Obon, Silver Week, New Year), JPY wires won't be initiated. Plan around both calendars.
For tight CAD deadlines — Canadian property completions, supplier invoices, business setup payments — book the day before and let the conversion settle overnight. Forward contracts are particularly valuable for the JPY/CAD corridor given the pair's volatility and time-zone challenges.
JPY/CAD is the corridor for Japanese residents and businesses with meaningful CAD obligations, plus Canada-bound flows from Japanese expats, investors, and corporates. Common use cases:
Japanese institutional investors (life insurers, pension funds, GPIF) holding Canadian government bonds and CAD-denominated credit. Topping up or rebalancing these positions generates regular JPY-CAD flow at scale.
Honda, Toyota, and Mitsubishi maintain major Canadian manufacturing and distribution operations. Honda Alliston, Toyota Cambridge and Woodstock plants generate constant JPY-CAD treasury flow for parts imports, royalty payments, and operational costs. Treasury teams use forwards to hedge predictable JPY-CAD exposure.
Japanese buyers — particularly individuals — purchasing Canadian property in Vancouver, Toronto, Calgary, and ski resort areas (Whistler, Banff). Canadian conveyancing typically runs 4-8 weeks; forward contracts protect deal economics from currency moves during contract-to-completion periods.
Japanese families with children at Canadian universities (UBC, Toronto, McGill) supported by Japan-based family. Predictable termly payment schedules suit forward contracts.
Canadian-headquartered companies with Japanese operations funding Japanese payroll, supplier payments, or repatriation. The reverse direction (Japanese firms in Canada) is much more common but Canadian firms operating in Japan generate steady JPY-CAD flow.
Japanese residents who lived in Canada returning home transferring JPY savings to CAD; or Canadians returning from Japan transferring lifetime savings or business receipts. Large one-off transfers where broker spreads vs bank spreads make a meaningful difference.
You can convert yen to Canadian dollars through your bank, through a transfer app, or through a broker. JPY/CAD is moderately liquid given the deep Canada-Japan auto manufacturing relationship, but bank markups remain wide — making broker access particularly valuable.
Everything clients typically ask about sending yen to Canadian dollars. Still have questions? Message us on WhatsApp — a real dealer, not a bot, will reply.
We never forecast — but the chart above puts today's rate in context. JPY/CAD is volatile because both currencies move on distinct dynamics — JPY on BoJ policy and safe-haven flows, CAD on oil and US data. Rate alerts let you set a target and wait passively.
Japanese and Canadian banks typically mark up JPY/CAD by 2–4% for retail customers. SummitFX spreads are 0.5–0.9% depending on size. On a ¥50,000,000 Canadian property purchase (~C$465,000), the saving versus a bank can run from C$10,000 to C$20,000.
If your JPY arrives with us by 11:00 UK time on a UK business day, we settle the CAD the same day. SWIFT delivery to Canadian recipient banks typically takes a few hours. Send your JPY wire in the Japanese morning to give the best chance of same-day Canadian settlement.
Yes. Canadian conveyancing typically runs 4-8 weeks during which JPY/CAD can move several percent. A forward contract fixes today's rate for delivery on completion day. You pay a deposit (5–10% of the trade) upfront and settle the balance at completion.
No hard minimum — we handle trades from ¥100,000 to ¥1bn+. Below around ¥1,000,000 (~C$9,500) the spread widens slightly to cover fixed execution costs. For recurring smaller payments, market orders or standing arrangements work better than ad-hoc bookings.
The rate shown on Google, XE, or the chart above is the mid-market rate — the midpoint of interbank buy and sell quotes. Nobody gets exactly that rate; providers add a margin. Banks typically 2–4%, Wise 0.6–0.9%, SummitFX 0.5–0.9% — with our clients also getting a named dealer and WhatsApp access.
Japanese auto manufacturing in Canada generates substantial JPY-CAD treasury flow. Honda Canada's Alliston plant in Ontario, Toyota Canada's Cambridge and Woodstock plants, and Mitsubishi's distribution operations all import parts and components from Japan, pay royalties to Japanese parent companies, and repatriate North American profits to Tokyo. Treasury teams at these firms use forward contracts to hedge predictable JPY-CAD exposure across financial years. Beyond the manufacturers themselves, the supply chain — Japanese parts suppliers operating in Canada — generates additional corridor flow.
Your rate is locked the moment you reply CONFIRM on a quote. Even if a carry-trade unwind or risk-off event sends JPY/CAD sharply higher before your wire reaches us, the rate you receive stays exactly as booked. JPY can move dramatically on global news; locking in advance is essential for any time-critical Canadian payment.
Message us on WhatsApp and we'll have a live executable rate back in seconds.