Macro Indicators
JPY / USD
Domestic Benchmark Rate (JPY)
0.25%
Foreign Benchmark Rate (USD)
5.25%
Spot Exchange Rate (USD/JPY)
155.20
Domestic Inflation (JPY)
2.80%
Foreign Inflation (USD)
3.10%
Horizon (Months)
12m
Equilibrium Parity Model
Dynamic Capital Flow & Distortion Map
Mispricing: Active
Calculated Basis Spreads
Nominal Rate Differential
500 bps
Implied Fair Forward / Equilibrium FX
147.82
Price Distortion / Mispricing Spread
+738 bps
Annualized Carry Trade ROI
+5.00%
| Parity Metric | Theoretical | Distortion |
|---|---|---|
| Covered Basis | 147.82 | +5.00% |
| Real Yield Gap | 2.15% | -4.70% |
| PPP Exchange Rate | 155.65 | -0.29% |