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Japan 20-Year JGB Auction climbed to 3.63% in June 2026, released July 2026, up 0.08% from May's 3.54% reading.
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).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.41 | FOREX | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.34 | FOREX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.31 | CRYPTO | Moves against | → View |
| EUR/JPY | ▲ Direct | +0.29 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
20-Year JGB Auction (Japan) was reported at 3.63% in July 2026. The reading rose from the previous value of 3.54%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 3.03%, ranging from 2.58% to 3.71% across 10 releases.
The trailing three releases averaged 3.49%, up from the prior three at 3.05%. Volatility over the past year (σ 0.38%) is higher than the prior year (σ 0.28%). In July readings over the past 3 years, 20-Year JGB Auction has averaged 2.67%.
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with GBP/JPY, positively correlated (Bullish GBP).
The next release is scheduled for August 20, 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.
The 20-Year JGB Auction is a financial indicator that measures the demand and interest rates for Japanese government bonds with a maturity of 20 years. This auction is conducted by the Japanese government to raise funds for its operations and is closely monitored by investors and analysts as it reflects the current state of the Japanese economy and the confidence in its government's financial stability. The results of this auction can impact the overall bond market and provide insights into the long-term outlook for the Japanese economy.
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.
Latest reading (Jul 2026): actual 3.626 %. Prior reading (May 2026): 3.711 %. Before that (Apr 2026): 3.327 %.
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 USD/JPY (Bearish USD, r=-0.41) — a useful reference for forex-focused traders.
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| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | Consumer Confidence | 34.9 | 33.8 | 34.2 | 34.55 | High | |
| 23:30 | Unemployment Rate | 2.5 | 2.5 | 2.5 | 2.50 | Medium | |
| 23:30 | Core CPI YoY | 1.9 | 1.6 | 1.7 | 1.80 | Low | |
| 23:30 | Jobs/applications ratio | 1.18 | 1.17 | 1.17 | 1.17 | Low | |
| 23:30 | CPI YoY | 2 | 1.9 | 2 | 2.00 | Low | |
| 23:50 | Retail Sales YoY | 0.5 | 5 | 3.1 | 1.80 | Medium | |
| 23:50 | Industrial Production MoM | 1.3 | 0.1 | 0.7 | 1.00 | Medium | |
| 23:50 | Retail Sales MoM | -4.1 | 1.7 | -0.5 | -2.30 | Low | |
| 23:50 | 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 | BoJ Interest Rate Decision | 1 | 1 | 1 | 1.00 | High | |
| 05:00 | Construction Orders YoY | 2.3 | -6.7 | -7 | -2.35 | Low | |
| 05:00 | Housing Starts YoY | 18.6 | 33.9 | 12.8 | 15.70 | Medium | |