AUD vs JPY
Fundamentals favour the Japanese Yen by 17 points.
On the Macro Currency Strength Meter, the Australian Dollar scores +12 and the Japanese Yen scores +29 — a gap of 17 points in favour of the Japanese Yen. The widest divergence is in growth, which favours the Japanese Yen. All else equal that gap is a fundamental tailwind for the Japanese Yen against the Australian Dollar — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | AUD | JPY | Edge |
|---|---|---|---|
| Interest Rates | +65 | +52 | AUD |
| Growth | -31 | +22 | JPY |
| Positioning | +26 | +16 | AUD |
| Risk Mood | -7 | +7 | JPY |
| Commodities | -37 | — | JPY |
Strength gap over time
AUD minus JPY fundamental score — above zero favours AUD. The gap is currently -17 and widening.A widening gap means the fundamental edge is growing; a narrowing gap means it’s fading. Educational macro context, not a trade signal.