EUR vs JPY
Fundamentals favour the Japanese Yen by 53 points.
On the Macro Currency Strength Meter, the Euro scores -34 and the Japanese Yen scores +19 — a gap of 53 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 | -56 | +39 | JPY |
| Growth | — | +41 | JPY |
| Positioning | -28 | -4 | JPY |
| Risk Mood | -0 | -21 | EUR |
Strength gap over time
EUR minus JPY fundamental score — above zero favours EUR. The gap is currently -53 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.