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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan 5-Year JGB Auction fell to 1.91% in May 2026
FMPMonthlyReleased June 2026
Japan 5-Year JGB Auction fell to 1.91% in May 2026, released June 2026, down 0.12% from April's 2.02% reading.
Latest Release
1.905000
Actual
—
Consensus
2.024000
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 |
|---|---|---|---|---|---|
| Nikkei 225 | ▲ Direct | +0.69 | INDEX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.58 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.47 | CRYPTO | Moves with | → View |
| GBP/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| Hang Seng | ▲ Direct | +0.45 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
5-Year JGB Auction (Japan) was reported at 1.91% in June 2026. The reading fell from the previous value of 2.02%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 1.49%, ranging from 1.06% to 2.02% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 1.85%, up from the prior three at 1.57%. Volatility over the past year (σ 0.31%) is higher than the prior year (σ 0.21%). In June readings over the past 3 years, 5-Year JGB Auction has averaged 1.13%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Nikkei 225 (Bullish Nikkei 225). A secondary relationship exists with EUR/JPY, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for August 18, 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 June 2026.
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5-Year JGB Auction - JP
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About 5-Year JGB Auction — Japan
DEFINITION
The 5-Year JGB Auction is a financial indicator that measures the demand for 5-year Japanese Government Bonds (JGBs) through a competitive bidding process. This auction provides insight into the current sentiment and confidence of investors in the Japanese economy, as well as the government's ability to raise funds through bond issuance. It is closely monitored by financial institutions and analysts as a key indicator of the overall health of the Japanese bond 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 (Jun 2026): actual 1.905 %. Prior reading (May 2026): 2.024 %. Before that (Apr 2026): 1.826 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Nikkei 225 (Bullish Nikkei 225, r=0.69) — a useful reference for index-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 | 1.7 | 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 |