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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan 2-Year JGB Auction climbed to 1.48% in July 2026
FMPMonthlyReleased July 2026
Japan 2-Year JGB Auction climbed to 1.48% in July 2026, up 0.08% from June's 1.41% reading.
Latest Release
1.483000
Actual
—
Consensus
1.407000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.53 | COMMODITIES | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.51 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.38 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
2-Year JGB Auction (Japan) was reported at 1.48% in July 2026. The reading rose from the previous value of 1.41%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 1.16%, ranging from 0.86% to 1.48% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 1.41%, up from the prior three at 1.21%. Volatility over the past year (σ 0.21%) is higher than the prior year (σ 0.17%). In July readings over the past 3 years, 2-Year JGB Auction has averaged 0.91%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with GBP/JPY, positively correlated (Bullish GBP).
WHAT TO WATCH NEXT
The next release is scheduled for August 28, 2026. Same-country events in the next 14 days include CFTC JPY speculative net positions (Jul 31) and BoJ Monetary Policy Meeting Minutes (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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2-Year JGB Auction - JP
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About 2-Year JGB Auction — Japan
DEFINITION
The 2-Year JGB Auction is a financial indicator that measures the demand for Japanese government bonds with a maturity of two years. It is used by investors and analysts to assess the current state of the Japanese bond market and gauge investor sentiment towards the country's economy. This auction provides valuable insights into the short-term borrowing costs for the Japanese government and can impact interest rates and overall market stability.
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 (Jul 2026): actual 1.483 %. Prior reading (May 2026): 1.369 %. Before that (Apr 2026): 1.407 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 XAU/USD (Bearish XAU, r=-0.53) — a useful reference for commodities-focused traders.
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Economic Calendar - JP Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | JP | Consumer Confidence | 34.9 | 33.8 | 34.2 | 34.55 | High |
| 23:30 | JP | Unemployment Rate | 2.5 | 2.5 | 2.5 | 2.50 | Medium |
| 23:30 | JP | Core CPI YoY | 1.9 | 1.6 | 1.7 | 1.80 | Low |
| 23:30 | JP | Jobs/applications ratio | 1.18 | 1.17 | 1.17 | 1.17 | Low |
| 23:30 | JP | CPI YoY | 2 | 1.9 | 2 | 2.00 | Low |
| 23:50 | JP | Retail Sales YoY | 0.5 | 5 | 3.1 | 1.80 | Medium |
| 23:50 | JP | Industrial Production MoM | 1.3 | 0.1 | 0.7 | 1.00 | Medium |
| 23:50 | JP | Retail Sales MoM | -4.1 | 1.7 | -0.5 | -2.30 | Low |
| 23:50 | JP | Industrial Production YoY | 4.2 | -2.1 | 1.8 | 3.00 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 03:00 | JP | BoJ Interest Rate Decision | 1 | 1 | 1 | 1.00 | High |
| 05:00 | JP | Construction Orders YoY | 2.3 | -6.7 | -7 | -2.35 | Low |
| 05:00 | JP | Housing Starts YoY | 18.6 | 33.9 | 12.8 | 15.70 | Medium |