Canadian Dollar / Yen - CAD/JPY

From 2000 to 2007, the CAD/JPY cross exchange value regularly increased on the Forex, for certainly several reasons.

The continuous increase of the oil exchange rates (from 2002 to 2007), of which the external value of the Canadian dollar depends on (regarding the importance of the Canadian oil productions in percentage of the Canada’s GDO), was one of the reasons of the appreciation of the Loonie against the Yen; but we can also think that the combined appreciation of the CAD against the USD and the USD against the JPY had a paper in the CAD/JPY cross one (if the equation CAD/JPY = CAD/USD x USD/JPY has a real arithmetic value against the Forex investors’ economic options.

With CAD/JPY= 70.48 in December 1999, the CAD/JPY cross slowly increased until CAD/JPY= 88.78 in July 2003.  

In September 2005, CAD/JPY= 96.07 and the exchange value 100 was exceeded at the end of 2005.

The higher of the cross was reached in October 2007 at CAD/JPY = 121.

A re-appreciation of the Yen began at the beginning of 2008 at CAD/JPY = 105; and when the world oil exchange rates began to fall from the Summer of 2008 and when the US dollar lost ground in the same time against a lot of currencies (including the CAD and JPY), the re-appreciation of the Yen against the Canadian dollar continued until February 2009 with CAD/JPY=72, the lower of the cross since mid-2000.

The Canadian dollar was in a bullish trend against the Yen and CAD/JPY=85.707 in December 2009.