The CAD/JPY pair reached this week’s high of 110.591 (Nov 12, 2025), while at the start of the year (Jan 7, 2025) it hovered around 110.141. Over just under 11 months, the pair has moved roughly 450 pips — a clear signal for any trader of the trend’s strength.
📊 Weekly Performance:
Nov 9, 2025: Open 109.27 – High 110.64 – Low 109.499 – Close 110.18 → +91 pips / +0.83%
Nov 2, 2025: Open 109.806 – High 110.103 – Low 108.196 – Close 109.221 → -58.5 pips / -0.54%
(Source: myfxbook.com)
Technically, the pair is trading near resistance around 110.60, while the nearest support is at 109.90–110.00.
Each week brings new “milestones” – pips accumulate and retract, like bison crossing the plains, while traders carefully track every move. CAD/JPY continues to demonstrate a strong trend, but as with any adventure, every step must be observed closely.
🛢️ Strong Oil, Strong CAD
The Canadian dollar traditionally reacts to oil price movements. Recent gains in oil prices have supported CAD and reflected on CAD/JPY. Expectations that the Canadian economy could show stronger resilience in the first half of the year have also contributed.
💴 The Yen Remains Weak
The Japanese yen continues to be pressured by the Bank of Japan’s ultra-loose monetary policy. While the market monitors possible hints of future tightening, nothing indicates an imminent reversal yet. This adds an additional upward push to CAD/JPY.
🔧 Technical Perspective: Strong Trend, But Height Matters
The chart shows a clear upward structure with gradual surpassing of previous swing highs. Reaching this year’s top is significant, but such “new highs” often become zones where some traders take profits or wait for confirmation of trend continuation.
🔜 What’s Next?
Traders are currently watching several factors:
Price reaction at this year’s high — will it break through, or will momentum slow?
Further oil price movements — these can either support CAD or slow its advance.
Signals from the Bank of Japan — potential comments on interventions could briefly shake the market.
CAD/JPY is at an intriguing point: it has a strong trend behind it but also stands at levels that deserve careful attention.