USD vs JPY
Fundamentals favour the Japanese Yen by 23 points.
On the Macro Currency Strength Meter, the US Dollar scores +6 and the Japanese Yen scores +29 — a gap of 23 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 US Dollar — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | USD | JPY | Edge |
|---|---|---|---|
| Interest Rates | -34 | +52 | JPY |
| Growth | +14 | +22 | JPY |
| Positioning | +60 | +16 | USD |
| Risk Mood | +4 | +7 | JPY |
Strength gap over time
USD minus JPY fundamental score — above zero favours USD. The gap is currently -23 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.