CAD vs JPY
Fundamentals favour the Japanese Yen by 50 points.
On the Macro Currency Strength Meter, the Canadian Dollar scores -21 and the Japanese Yen scores +29 — a gap of 50 points in favour of the Japanese Yen. The widest divergence is in interest rates, which favours the Japanese Yen. All else equal that gap is a fundamental tailwind for the Japanese Yen against the Canadian Dollar — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | CAD | JPY | Edge |
|---|---|---|---|
| Interest Rates | -24 | +52 | JPY |
| Growth | -4 | +22 | JPY |
| Positioning | -34 | +16 | JPY |
| Risk Mood | -4 | +7 | JPY |
| Commodities | -39 | — | JPY |
Strength gap over time
CAD minus JPY fundamental score — above zero favours CAD. The gap is currently -50 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.