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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Foreign Exchange Reserves fell to 1,216.9B in December 2016
FMPMonthlyReleased January 2017
Japan Foreign Exchange Reserves fell to 1,216.9B in December 2016, released January 2017, down 2.4B from November's 1,219.3B reading. The reading missed the 1,500B consensus by 283.1B. Foreign Exchange Reserves has now declined for 4 consecutive months. Over the past 3 months, Foreign Exchange Reserves averaged 1,231.05B, vs 1,260.33B in the prior 3-month window. Foreign Exchange Reserves is now the lowest in 36 months.
Latest Release
1216.9
Actual
1500
Consensus
1219.3
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 | −0.54 | COMMODITIES | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.46 | CRYPTO | Moves against | → View |
| GBP/JPY | ▼ Inverse | −0.34 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| Hang Seng | ▲ Direct | +0.30 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Foreign Exchange Reserves (Japan) was reported at 1,178.40 billion in October 2026. The reading fell from the previous value of 1,207.50 billion. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 1,321.84 billion, ranging from 1,178.40 billion to 1,410.70 billion across 9 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 1,224.33 billion, down from the prior three at 1,366.53 billion. Volatility over the past year (σ 78.73 billion) is higher than the prior year (σ 36.86 billion). In October readings over the past 3 years, Foreign Exchange Reserves has averaged 1,258.20 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
WHAT TO WATCH NEXT
The next release is scheduled for November 9, 2026. Same-country events in the next 14 days include CFTC JPY speculative net positions (Oct 30) and Retail Sales YoY (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Foreign Exchange Reserves - JP
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About Foreign Exchange Reserves — Japan
DEFINITION
Foreign Exchange Reserves refer to the amount of foreign currency held by a country's central bank. These reserves are used to maintain stability in the country's currency and to fulfill international payment obligations. They serve as a measure of a country's economic strength and ability to withstand external shocks. Foreign Exchange Reserves are an important financial indicator for investors and policymakers, providing insight into a country's monetary policy and its ability to manage its currency.
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 (Sep 2026): actual 1,178.4 M. Prior reading (Aug 2026): 1,207.5 M. Before that (Jul 2026): 1,287.1 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.54) — a useful reference for commodities-focused traders.
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Economic Calendar - JP Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | JP | Consumer Confidence | 35 | 35.4 | 35.1 | 35.05 | High |
| 23:30 | JP | Jobs/applications ratio | 1.19 | 1.18 | 1.18 | 1.19 | Low |
| 23:30 | JP | Unemployment Rate | 2.4 | 2.5 | 2.5 | 2.45 | Medium |
| 23:30 | JP | Tokyo CPI Ex Food and Energy YoY | 2.6 | 2.9 | 2.7 | 2.65 | Low |
| 23:30 | JP | Tokyo CPI YoY | 2.8 | 2.7 | 3.3 | 3.05 | Low |
| 23:30 | JP | Tokyo Core CPI YoY | 2.6 | 2.7 | 2.6 | 2.60 | Low |
| 23:50 | JP | Industrial Production MoM | 2.2 | -2.4 | 1.3 | 1.75 | Medium |
| 23:50 | JP | Industrial Production YoY | 1.9 | 2.7 | 3.1 | 2.50 | Low |
| 23:50 | JP | Retail Sales MoM | -0.7 | -0.9 | 0.6 | -0.05 | Low |
| 23:50 | JP | Retail Sales YoY | 2.3 | 2.9 | 3.3 | 2.80 | Medium |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 03:00 | JP | BoJ Interest Rate Decision | 1.25 | 1.25 | 1.25 | 1.25 | High |
| 05:00 | JP | Housing Starts YoY | -2.7 | 6.1 | 2.9 | 2.95 | Medium |
| 05:00 | JP | Construction Orders YoY | -11.1 | -3.6 | -3 | -2.70 | Low |