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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan 10-Year Index-Linked JGB Auction climbed to 0.11% in October 2025
FMPMonthlyReleased November 2025
Japan 10-Year Index-Linked JGB Auction climbed to 0.11% in October 2025, released November 2025, up 0.04% from September's 0.08% reading.
Latest Release
0.113000
Actual
—
Consensus
0.078000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
10-Year Index-Linked JGB Auction (Japan) was reported at 0.11% in November 2025. The reading rose from the previous value of 0.08%. Trailing 12-month context per ETL data through November 2025.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.06%, up from the prior three at -0.44%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Housing Starts YoY (May 28) and Unemployment Rate (May 28).
Auto-generated from current model state · Refreshes on each release · Last update November 2025.
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10-Year Index-Linked JGB Auction - JP
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About 10-Year Index-Linked JGB Auction — Japan
DEFINITION
The 10-Year Index-Linked JGB Auction is a financial indicator that measures the demand and pricing for 10-year Japanese government bonds (JGBs) that are linked to the country's inflation rate. This auction provides insight into investor sentiment and expectations for future inflation in Japan, as well as the government's ability to borrow funds at a fixed rate. It is an important tool for assessing the overall health of the Japanese economy and its impact on the global financial market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2025): actual 0.113 %. Prior reading (Aug 2025): 0.078 %. Before that (May 2025): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.