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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan 20-Year JGB Auction climbed to 3.7% in July 2026
FMPMonthlyReleased August 2026
Japan 20-Year JGB Auction climbed to 3.7% in July 2026, released August 2026, up 0.07% from June's 3.63% reading.
Latest Release
3.698000
Actual
—
Consensus
3.626000
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 |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.43 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.31 | CRYPTO | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.27 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
20-Year JGB Auction (Japan) was reported at 3.7% in August 2026. The reading rose from the previous value of 3.63%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 3.15%, ranging from 2.65% to 3.71% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 3.68%, up from the prior three at 3.12%. Volatility over the past year (σ 0.39%) is higher than the prior year (σ 0.27%). In August readings over the past 3 years, 20-Year JGB Auction has averaged 2.66%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
WHAT TO WATCH NEXT
The next release is scheduled for September 15, 2026. Same-country events in the next 14 days include Exports YoY (Sep 15) and Balance of Trade (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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20-Year JGB Auction - JP
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About 20-Year JGB Auction — Japan
DEFINITION
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.
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 (Aug 2026): actual 3.698 %. Prior reading (Jul 2026): 3.626 %. Before that (May 2026): 3.711 %.
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 USD/JPY (Bearish USD, r=-0.43) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - JP Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 04:30 | JP | Capacity Utilization | 0.5 | 4.1 | -1.3 | -0.40 | Low |
| 04:30 | JP | Industrial Production MoM | -0.2 | 1.9 | 0.1 | -0.05 | Low |
| 04:30 | JP | Industrial Production YoY | 3.9 | 4.9 | 4.1 | 4.00 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 04:30 | JP | Tertiary Industry Index MoM | -0.2 | 0.3 | 0.70 | Low | |
| 23:50 | JP | Exports YoY | 23.2 | 18.2 | 18.60 | Medium | |
| 23:50 | JP | Balance of Trade | -634.5 | -1052.6 | -959.65 | High | |
| 23:50 | JP | Imports YoY | 27.8 | 26.3 | 26.15 | Low | |
| 23:50 | JP | Machinery Orders MoM | 9.7 | -2.8 | 1.10 | Medium | |
| 23:50 | JP | Machinery Orders YoY | 16.9 | 15.3 | 18.45 | Medium | |
| 23:50 | JP | Adjusted Trade Balance | -0.69 | -0.98 | -0.92 | Medium | |