EUR vs JPY
Fundamentals favour the Japanese Yen by 69 points.
On the Macro Currency Strength Meter, the Euro scores -40 and the Japanese Yen scores +29 — a gap of 69 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 Euro — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | EUR | JPY | Edge |
|---|---|---|---|
| Interest Rates | -50 | +52 | JPY |
| Growth | — | +22 | JPY |
| Positioning | -56 | +16 | JPY |
| Risk Mood | +0 | +7 | JPY |
Strength gap over time
EUR minus JPY fundamental score — above zero favours EUR. The gap is currently -69 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.