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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan 5 Year Note Yield climbed to 0.04% in August 2022
FMPMonthlyReleased September 2022
Japan 5 Year Note Yield climbed to 0.04% in August 2022, released September 2022, up 0.05% from July's -0.01% reading.
Latest Release
0.040000
Actual
—
Consensus
-0.007000
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 | −0.50 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
5 Year Note Yield (Japan) was reported at 0.04% in September 2022. The reading rose from the previous value of -0.01%.
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 Core Inflation Rate YoY (Oct 22) and Inflation Rate YoY (Oct 22).
Auto-generated from current model state · Refreshes on each release · Last update September 2022.
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5 Year Note Yield - JP
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About 5 Year Note Yield — Japan
DEFINITION
The 5-Year Note Yield is a financial indicator that measures the annualized return on a US Treasury bond with a maturity of 5 years. It is used by investors and analysts to assess the current and future state of the economy, as well as to make informed decisions about bond investments. A higher yield indicates a higher return on investment, while a lower yield may suggest a weaker economy. This indicator is closely monitored by financial experts as it provides valuable insights into the overall market conditions and can impact various investment strategies.
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 2022): actual -0.007 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - JP Events
| Thursday, October 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 23:30 | JP | Inflation Rate YoY | 2.7 | 1.9 | 2.3 | 2.40 | High |
| 23:30 | JP | Inflation Rate MoM | 0.4 | 0.1 | 0.4 | 0.43 | Low |
| Friday, October 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:30 | JP | S&P Global Manufacturing PMI | 54.1 | 54.5 | 54.60 | Medium | |
| 00:30 | JP | S&P Global Composite PMI | 52.3 | 51.9 | 52.05 | Low | |
| 00:30 | JP | S&P Global Services PMI | 51.3 | 51.3 | 50.75 | Medium | |
| Monday, October 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | JP | Coincident Indicator MoM | 1.7 | -1.9 | -1.90 | Low | |
| 05:00 | JP | Leading Index MoM | 1.5 | 0.4 | 0.40 | Low | |