Forex: CAD/JPY (Canadian Dollar vs Japanese Yen)

When you are looking at cross currency pairs for trading, this may be one that might surprise you. When you are looking at possible trading pairs, why not give CAD/JPY a try. This pits the Loonie and the Yen against one another. From the positioning of the Loonie at base and the Yen at counter, what is the exchange rate currently, you may be asking. The current exchange rate as of the date this article was created is 81.7093 yen against 1 Loonie. By this estimate, the Japanese currency apparently is the stronger of the two.
However, this can and does change with the flows of the financial market and political machinations that happen in both countries every day. The opportunistic trader can make a good profit with this particular pair, especially if the market options bear the trader out in making the conversion from Canadian Dollar to Yen. When looking at CAD/JPY, you see a strong market for future profit depending on both markets and political climates. By careful analysis of the market at any given time and following the matchsticks and indicators for growth and opportunity, a trader can have the potential for making profit.
Here is something else to remember when getting ready to sell the pair for a profit. Bear in mind that if you don’t have the correct amount of both when you make the conversion and then you have basically shot yourself in the foot with the CAD/JPY trade that you are planning on making.