diff --git a/Source/Core/Core/PowerPC/Jit64/FPURegCache.cpp b/Source/Core/Core/PowerPC/Jit64/FPURegCache.cpp
index 449c3d6ebf..11decfbf98 100644
--- a/Source/Core/Core/PowerPC/Jit64/FPURegCache.cpp
+++ b/Source/Core/Core/PowerPC/Jit64/FPURegCache.cpp
@@ -16,12 +16,12 @@ FPURegCache::FPURegCache(Jit64& jit) : RegCache{jit}
 
 void FPURegCache::StoreRegister(size_t preg, const OpArg& new_loc)
 {
-  m_emitter->MOVAPD(new_loc, m_regs[preg].location.GetSimpleReg());
+  m_emitter->MOVAPD(new_loc, m_regs[preg].Location().GetSimpleReg());
 }
 
 void FPURegCache::LoadRegister(size_t preg, X64Reg new_loc)
 {
-  m_emitter->MOVAPD(new_loc, m_regs[preg].location);
+  m_emitter->MOVAPD(new_loc, m_regs[preg].Location());
 }
 
 const X64Reg* FPURegCache::GetAllocationOrder(size_t* count) const
diff --git a/Source/Core/Core/PowerPC/Jit64/GPRRegCache.cpp b/Source/Core/Core/PowerPC/Jit64/GPRRegCache.cpp
index 22ccacca54..ed8079e0e3 100644
--- a/Source/Core/Core/PowerPC/Jit64/GPRRegCache.cpp
+++ b/Source/Core/Core/PowerPC/Jit64/GPRRegCache.cpp
@@ -16,12 +16,12 @@ GPRRegCache::GPRRegCache(Jit64& jit) : RegCache{jit}
 
 void GPRRegCache::StoreRegister(size_t preg, const OpArg& new_loc)
 {
-  m_emitter->MOV(32, new_loc, m_regs[preg].location);
+  m_emitter->MOV(32, new_loc, m_regs[preg].Location());
 }
 
 void GPRRegCache::LoadRegister(size_t preg, X64Reg new_loc)
 {
-  m_emitter->MOV(32, ::Gen::R(new_loc), m_regs[preg].location);
+  m_emitter->MOV(32, ::Gen::R(new_loc), m_regs[preg].Location());
 }
 
 OpArg GPRRegCache::GetDefaultLocation(size_t reg) const
@@ -51,8 +51,7 @@ void GPRRegCache::SetImmediate32(size_t preg, u32 imm_value, bool dirty)
   // "dirty" can be false to avoid redundantly flushing an immediate when
   // processing speculative constants.
   DiscardRegContentsIfCached(preg);
-  m_regs[preg].away |= dirty;
-  m_regs[preg].location = Imm32(imm_value);
+  m_regs[preg].SetToImm32(imm_value, dirty);
 }
 
 BitSet32 GPRRegCache::GetRegUtilization() const
diff --git a/Source/Core/Core/PowerPC/Jit64/JitRegCache.cpp b/Source/Core/Core/PowerPC/Jit64/JitRegCache.cpp
index 5cdc71dd6b..67f04e9f5b 100644
--- a/Source/Core/Core/PowerPC/Jit64/JitRegCache.cpp
+++ b/Source/Core/Core/PowerPC/Jit64/JitRegCache.cpp
@@ -35,38 +35,19 @@ void RegCache::Start()
   }
   for (size_t i = 0; i < m_regs.size(); i++)
   {
-    m_regs[i].location = GetDefaultLocation(i);
-    m_regs[i].away = false;
-    m_regs[i].locked = false;
+    m_regs[i] = PPCCachedReg{GetDefaultLocation(i)};
   }
-
-  // todo: sort to find the most popular regs
-  /*
-  int maxPreload = 2;
-  for (int i = 0; i < 32; i++)
-  {
-    if (stats.numReads[i] > 2 || stats.numWrites[i] >= 2)
-    {
-      LoadToX64(i, true, false); //stats.firstRead[i] <= stats.firstWrite[i], false);
-      maxPreload--;
-      if (!maxPreload)
-        break;
-    }
-  }*/
-  // Find top regs - preload them (load bursts ain't bad)
-  // But only preload IF written OR reads >= 3
 }
 
 void RegCache::DiscardRegContentsIfCached(size_t preg)
 {
-  if (IsBound(preg))
+  if (m_regs[preg].IsBound())
   {
-    X64Reg xr = m_regs[preg].location.GetSimpleReg();
+    X64Reg xr = m_regs[preg].Location().GetSimpleReg();
     m_xregs[xr].free = true;
     m_xregs[xr].dirty = false;
     m_xregs[xr].ppcReg = static_cast<size_t>(INVALID_REG);
-    m_regs[preg].away = false;
-    m_regs[preg].location = GetDefaultLocation(preg);
+    m_regs[preg].Flushed();
   }
 }
 
@@ -85,28 +66,25 @@ void RegCache::Flush(FlushMode mode, BitSet32 regsToFlush)
 
   for (unsigned int i : regsToFlush)
   {
-    if (m_regs[i].locked)
+    if (m_regs[i].IsLocked())
     {
       PanicAlert("Someone forgot to unlock PPC reg %u (X64 reg %i).", i, RX(i));
     }
 
-    if (m_regs[i].away)
-    {
-      if (m_regs[i].location.IsSimpleReg() || m_regs[i].location.IsImm())
-      {
-        StoreFromRegister(i, mode);
-      }
-      else
-      {
-        ASSERT_MSG(DYNA_REC, 0, "Jit64 - Flush unhandled case, reg %u PC: %08x", i, PC);
-      }
-    }
-    else if (m_regs[i].location.IsImm())
+    switch (m_regs[i].GetLocationType())
     {
+    case PPCCachedReg::LocationType::Default:
+      break;
+    case PPCCachedReg::LocationType::SpeculativeImmediate:
       // We can have a cached value without a host register through speculative constants.
       // It must be cleared when flushing, otherwise it may be out of sync with PPCSTATE,
       // if PPCSTATE is modified externally (e.g. fallback to interpreter).
-      m_regs[i].location = GetDefaultLocation(i);
+      m_regs[i].Flushed();
+      break;
+    case PPCCachedReg::LocationType::Bound:
+    case PPCCachedReg::LocationType::Immediate:
+      StoreFromRegister(i, mode);
+      break;
     }
   }
 }
@@ -145,20 +123,22 @@ int RegCache::SanityCheck() const
 {
   for (size_t i = 0; i < m_regs.size(); i++)
   {
-    if (m_regs[i].away)
+    switch (m_regs[i].GetLocationType())
     {
-      if (m_regs[i].location.IsSimpleReg())
-      {
-        Gen::X64Reg simple = m_regs[i].location.GetSimpleReg();
-        if (m_xregs[simple].locked)
-          return 1;
-        if (m_xregs[simple].ppcReg != i)
-          return 2;
-      }
-      else if (m_regs[i].location.IsImm())
-      {
-        return 3;
-      }
+    case PPCCachedReg::LocationType::Default:
+    case PPCCachedReg::LocationType::SpeculativeImmediate:
+      break;
+    case PPCCachedReg::LocationType::Bound:
+    {
+      Gen::X64Reg simple = m_regs[i].Location().GetSimpleReg();
+      if (m_xregs[simple].locked)
+        return 1;
+      if (m_xregs[simple].ppcReg != i)
+        return 2;
+      break;
+    }
+    case PPCCachedReg::LocationType::Immediate:
+      return 3;
     }
   }
   return 0;
@@ -166,18 +146,23 @@ int RegCache::SanityCheck() const
 
 void RegCache::KillImmediate(size_t preg, bool doLoad, bool makeDirty)
 {
-  if (m_regs[preg].away)
+  switch (m_regs[preg].GetLocationType())
   {
-    if (m_regs[preg].location.IsImm())
-      BindToRegister(preg, doLoad, makeDirty);
-    else if (m_regs[preg].location.IsSimpleReg())
-      m_xregs[RX(preg)].dirty |= makeDirty;
+  case PPCCachedReg::LocationType::Default:
+  case PPCCachedReg::LocationType::SpeculativeImmediate:
+    break;
+  case PPCCachedReg::LocationType::Bound:
+    m_xregs[RX(preg)].dirty |= makeDirty;
+    break;
+  case PPCCachedReg::LocationType::Immediate:
+    BindToRegister(preg, doLoad, makeDirty);
+    break;
   }
 }
 
 void RegCache::BindToRegister(size_t i, bool doLoad, bool makeDirty)
 {
-  if (!m_regs[i].away || m_regs[i].location.IsImm())
+  if (!m_regs[i].IsBound())
   {
     X64Reg xr = GetFreeXReg();
     if (m_xregs[xr].dirty)
@@ -186,18 +171,18 @@ void RegCache::BindToRegister(size_t i, bool doLoad, bool makeDirty)
       PanicAlert("GetFreeXReg returned locked register");
     m_xregs[xr].free = false;
     m_xregs[xr].ppcReg = i;
-    m_xregs[xr].dirty = makeDirty || m_regs[i].away;
+    m_xregs[xr].dirty = makeDirty || m_regs[i].IsAway();
+
     if (doLoad)
       LoadRegister(i, xr);
     for (size_t j = 0; j < m_regs.size(); j++)
     {
-      if (i != j && m_regs[j].location.IsSimpleReg(xr))
+      if (i != j && m_regs[j].Location().IsSimpleReg(xr))
       {
         Crash();
       }
     }
-    m_regs[i].away = true;
-    m_regs[i].location = ::Gen::R(xr);
+    m_regs[i].BoundTo(xr);
   }
   else
   {
@@ -214,45 +199,45 @@ void RegCache::BindToRegister(size_t i, bool doLoad, bool makeDirty)
 
 void RegCache::StoreFromRegister(size_t i, FlushMode mode)
 {
-  if (m_regs[i].away)
+  bool doStore = false;
+
+  switch (m_regs[i].GetLocationType())
   {
-    bool doStore;
-    if (m_regs[i].location.IsSimpleReg())
-    {
-      X64Reg xr = RX(i);
-      doStore = m_xregs[xr].dirty;
-      if (mode == FlushMode::All)
-      {
-        m_xregs[xr].free = true;
-        m_xregs[xr].ppcReg = static_cast<size_t>(INVALID_REG);
-        m_xregs[xr].dirty = false;
-      }
-    }
-    else
-    {
-      // must be immediate - do nothing
-      doStore = true;
-    }
-    OpArg newLoc = GetDefaultLocation(i);
-    if (doStore)
-      StoreRegister(i, newLoc);
+  case PPCCachedReg::LocationType::Default:
+  case PPCCachedReg::LocationType::SpeculativeImmediate:
+    return;
+  case PPCCachedReg::LocationType::Bound:
+  {
+    X64Reg xr = RX(i);
+    doStore = m_xregs[xr].dirty;
     if (mode == FlushMode::All)
     {
-      m_regs[i].location = newLoc;
-      m_regs[i].away = false;
+      m_xregs[xr].free = true;
+      m_xregs[xr].ppcReg = static_cast<size_t>(INVALID_REG);
+      m_xregs[xr].dirty = false;
     }
+    break;
   }
+  case PPCCachedReg::LocationType::Immediate:
+    doStore = true;
+    break;
+  }
+
+  if (doStore)
+    StoreRegister(i, GetDefaultLocation(i));
+  if (mode == FlushMode::All)
+    m_regs[i].Flushed();
 }
 
 const OpArg& RegCache::R(size_t preg) const
 {
-  return m_regs[preg].location;
+  return m_regs[preg].Location();
 }
 
 X64Reg RegCache::RX(size_t preg) const
 {
-  if (IsBound(preg))
-    return m_regs[preg].location.GetSimpleReg();
+  if (m_regs[preg].IsBound())
+    return m_regs[preg].Location().GetSimpleReg();
 
   PanicAlert("Unbound register - %zu", preg);
   return Gen::INVALID_REG;
@@ -261,7 +246,7 @@ X64Reg RegCache::RX(size_t preg) const
 void RegCache::UnlockAll()
 {
   for (auto& reg : m_regs)
-    reg.locked = false;
+    reg.Unlock();
 }
 
 void RegCache::UnlockAllX()
@@ -275,11 +260,6 @@ bool RegCache::IsFreeX(size_t xreg) const
   return m_xregs[xreg].free && !m_xregs[xreg].locked;
 }
 
-bool RegCache::IsBound(size_t preg) const
-{
-  return m_regs[preg].away && m_regs[preg].location.IsSimpleReg();
-}
-
 X64Reg RegCache::GetFreeXReg()
 {
   size_t aCount;
@@ -302,7 +282,7 @@ X64Reg RegCache::GetFreeXReg()
   {
     X64Reg xreg = (X64Reg)aOrder[i];
     size_t preg = m_xregs[xreg].ppcReg;
-    if (m_xregs[xreg].locked || m_regs[preg].locked)
+    if (m_xregs[xreg].locked || m_regs[preg].IsLocked())
       continue;
     float score = ScoreRegister(xreg);
     if (score < min_score)
diff --git a/Source/Core/Core/PowerPC/Jit64/JitRegCache.h b/Source/Core/Core/PowerPC/Jit64/JitRegCache.h
index ccd9ac4d95..eee6782513 100644
--- a/Source/Core/Core/PowerPC/Jit64/JitRegCache.h
+++ b/Source/Core/Core/PowerPC/Jit64/JitRegCache.h
@@ -7,16 +7,81 @@
 #include <array>
 #include <cinttypes>
 
+#include "Common/Assert.h"
 #include "Common/x64Emitter.h"
 #include "Core/PowerPC/PPCAnalyst.h"
 
 class Jit64;
 
-struct PPCCachedReg
+class PPCCachedReg
 {
-  Gen::OpArg location;
-  bool away;  // value not in source register
-  bool locked;
+public:
+  enum class LocationType
+  {
+    /// Value is currently at its default location
+    Default,
+    /// Value is currently bound to a x64 register
+    Bound,
+    /// Value is known as an immediate and has not been written back to its default location
+    Immediate,
+    /// Value is known as an immediate and is already present at its default location
+    SpeculativeImmediate,
+  };
+
+  PPCCachedReg() = default;
+
+  explicit PPCCachedReg(Gen::OpArg default_location_)
+      : default_location(default_location_), location(default_location_)
+  {
+  }
+
+  const Gen::OpArg& Location() const { return location; }
+
+  LocationType GetLocationType() const
+  {
+    if (!away)
+    {
+      if (location.IsImm())
+        return LocationType::SpeculativeImmediate;
+
+      ASSERT(location == default_location);
+      return LocationType::Default;
+    }
+
+    ASSERT(location.IsImm() || location.IsSimpleReg());
+    return location.IsImm() ? LocationType::Immediate : LocationType::Bound;
+  }
+
+  bool IsAway() const { return away; }
+  bool IsBound() const { return GetLocationType() == LocationType::Bound; }
+
+  void BoundTo(Gen::X64Reg xreg)
+  {
+    away = true;
+    location = Gen::R(xreg);
+  }
+
+  void Flushed()
+  {
+    away = false;
+    location = default_location;
+  }
+
+  void SetToImm32(u32 imm32, bool dirty = true)
+  {
+    away |= dirty;
+    location = Gen::Imm32(imm32);
+  }
+
+  bool IsLocked() const { return locked; }
+  void Lock() { locked = true; }
+  void Unlock() { locked = false; }
+
+private:
+  Gen::OpArg default_location{};
+  Gen::OpArg location{};
+  bool away = false;  // value not in source register
+  bool locked = false;
 };
 
 struct X64CachedReg
@@ -75,7 +140,7 @@ public:
   template <typename T>
   void Lock(T p)
   {
-    m_regs[p].locked = true;
+    m_regs[p].Lock();
   }
   template <typename T, typename... Args>
   void Lock(T first, Args... args)
@@ -117,7 +182,6 @@ public:
   void UnlockAllX();
 
   bool IsFreeX(size_t xreg) const;
-  bool IsBound(size_t preg) const;
 
   Gen::X64Reg GetFreeXReg();
   int NumFreeRegisters() const;
diff --git a/Source/Core/Core/PowerPC/Jit64/Jit_FloatingPoint.cpp b/Source/Core/Core/PowerPC/Jit64/Jit_FloatingPoint.cpp
index 175cfec058..77ed9196ce 100644
--- a/Source/Core/Core/PowerPC/Jit64/Jit_FloatingPoint.cpp
+++ b/Source/Core/Core/PowerPC/Jit64/Jit_FloatingPoint.cpp
@@ -460,7 +460,7 @@ void Jit64::fmrx(UGeckoInstruction inst)
 
   fpr.Lock(b, d);
 
-  if (fpr.IsBound(d))
+  if (fpr.R(d).IsSimpleReg())
   {
     // We don't need to load d, but if it is loaded, we need to mark it as dirty.
     fpr.BindToRegister(d);