{
  "calibrated_at": "2026-05-14T16:23:23.022434",
  "score_formula": "|velocity_z| + 0.5 * |level_z|",
  "eurusd": {
    "velocity_days": 14,
    "tier_names": [
      "Compressed",
      "Subdued",
      "Normal",
      "Elevated",
      "High Dislocation"
    ],
    "cutoffs": [
      0.32538965810489373,
      0.6438966040204612,
      1.1396252979918315,
      2.169223671077484
    ],
    "percentile_bounds": [
      10,
      30,
      60,
      90
    ],
    "spread": "US 2Y - DE 2Y",
    "activity_window_days": 14,
    "activity_tier_names": [
      "Quiet",
      "Light",
      "Steady",
      "Active",
      "Peak"
    ],
    "activity_cutoffs": [
      3.0,
      5.0,
      7.0,
      11.0
    ],
    "activity_percentiles": [
      10,
      30,
      60,
      90
    ]
  },
  "usdjpy": {
    "velocity_days": 60,
    "tier_names": [
      "Subdued",
      "Normal",
      "Active"
    ],
    "cutoffs": [
      0.6637902138801275,
      1.467491286249623
    ],
    "percentile_bounds": [
      25,
      75
    ],
    "spread": "US 2Y - JP 2Y",
    "activity_window_days": 60,
    "activity_tier_names": [
      "Quiet",
      "Steady",
      "Active"
    ],
    "activity_cutoffs": [
      3.0,
      6.0
    ],
    "activity_percentiles": [
      25,
      75
    ]
  }
}