CHF vs JPY
Fundamentals favour the Japanese Yen by 48 points.
On the Macro Currency Strength Meter, the Swiss Franc scores -19 and the Japanese Yen scores +29 — a gap of 48 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 Swiss Franc — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | CHF | JPY | Edge |
|---|---|---|---|
| Interest Rates | -43 | +52 | JPY |
| Growth | — | +22 | JPY |
| Positioning | -3 | +16 | JPY |
| Risk Mood | +7 | +7 | — |
Strength gap over time
CHF minus JPY fundamental score — above zero favours CHF. The gap is currently -48 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.