CAD vs JPY
Fundamentals favour the Japanese Yen by 49 points.
On the Macro Currency Strength Meter, the Canadian Dollar scores -30 and the Japanese Yen scores +19 — a gap of 49 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 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 | -13 | +39 | JPY |
| Growth | -39 | +41 | JPY |
| Positioning | -50 | -4 | JPY |
| Risk Mood | +12 | -21 | CAD |
| Commodities | -67 | — | JPY |
Strength gap over time
CAD minus JPY fundamental score — above zero favours CAD. The gap is currently -49 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.