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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan S&P Global Services PMI Flash climbed to 53.8 in January 2026
FMPMonthlyReleased February 2026
Japan S&P Global Services PMI Flash climbed to 53.8 in January 2026, released February 2026, up 0.1 from December's 53.7 reading. The reading matched the 53.3 consensus.
Latest Release
53.800000
Actual
53.300000
Consensus
53.700000
Previous
Median Absolute Error
±0.4
across last 5 releases
Last Call
Feb 2026
Predicted: 53.75
Actual: 53.8
Error: -0.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI Flash (Japan) was reported at 53.80 in January 2026. This beat the market consensus of 53.30 by 0.50. The reading rose from the previous value of 53.70. This is classified as a medium-impact indicator released on a monthly basis.
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 (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update February 2026.
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S&P Global Services PMI Flash - JP
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About S&P Global Services PMI Flash — Japan
DEFINITION
Japan’s S&P Global Services PMI Flash rose to 53.8 in January, beating consensus and marking the highest level since September’s 53.0. This reading edged up from December’s 53.7, continuing the sector’s expansion above the 50.0 threshold and reflecting strengthening new business and employment. The Bank of Japan maintains a steady policy stance as markets respond positively to sustained services growth. Updated 2/20/26
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 53.8, consensus 53.3. Prior reading (Dec 2025): 52.5. Before that (Nov 2025): 53.1.
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 (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.