BoJ L Money Stock y/y - ForexCracked
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Japan

BoJ L Money Stock y/y JPY

High impact Updated after every release
Next release Tue, Nov 10 23:50 UTC · consensus 3.9% · previous 4.3%  

What this release is

The Bank of Japan publishes the L Money Stock year-over-year series monthly. This release measures the annual percentage change in a broad aggregate of money and liquidity within the Japanese economy, reflecting the overall supply of money available in the money sector.

Forex traders monitor this indicator because changes in the money supply can influence inflation expectations, economic activity levels, and the Bank of Japan’s monetary policy decisions. Shifts in central bank policy, such as adjustments to interest rates or asset purchase programs, often correlate with movements in the Japanese Yen’s valuation.

After past releases, market participants have typically focused on the headline year-over-year growth rate as a primary indicator. As a recurring monthly release, it provides ongoing insight into the monetary conditions that can affect the Yen, with market reactions often observed following its publication.

How hard it hits, measured

97 releases · own feed
Typical USDJPY move
8pips / 1h
Median absolute move in the hour after the release
Big-release move
14pips / 1h
Top-quarter releases move at least this much
Largest measured
42pips
Biggest one-hour reaction in our archive
Direction reliability
n/a
Unlocks after 8 live-captured releases with consensus. Measured, never estimated
Pair5 min15 min1 hourBig release (1h)
USDJPY1.6p4.0p8.4p14p
AUDJPY1.3p3.9p7.6p15p
CADJPY1.2p3.0p6.7p12p
CHFJPY1.2p3.4p7.0p14p
EURJPY1.6p4.0p8.2p15p
GBPJPY2.1p5.2p9.4p17p
NZDJPY1.3p3.3p7.6p13p

How we measure: moves come from our own MT4 price feed and our archived minute bars, sampled 5, 15 and 60 minutes after each release against the pre-release price. No estimates, no third-party numbers. Releases where our feed had a gap are skipped, never guessed.

What usually happens

conditional history
Beat above consensus USDJPY closed the hour higher in 16 of 31 cases · median +1.0p n=31 live
Miss below consensus USDJPY closed the hour higher in 22 of 42 cases · median +1.0p n=42 live
In line within the surprise band USDJPY closed the hour higher in 8 of 11 cases · median +3.9p n=11 live

These are counts of what happened after past releases, conditional on the surprise direction. They are history, not a forecast, and never a trade recommendation. Sample sizes are shown because small samples mislead; rows stay locked until the sample is honest.

Release history

accumulates every release
DateActualForecastPreviousRevised toUSDJPY 1h
Oct 13, 20264.3%4.2%4.4%—+7.4p—
Sep 8, 20264.4%4.5%4.4%4.5%+19p—
Aug 11, 20264.4%5.1%4.5%—+1.4p—
Jul 8, 20264.5%4.9%4.7%—-9.8p—
Jun 8, 20264.7%3.1%2.8%3.8%-0.4p—
May 13, 20262.8%3.3%2.8%—-1.5p—
Apr 12, 20262.8%3%2.7%2.6%+12p—
Mar 9, 20262.7%2.1%2%2.5%-21p—
Feb 9, 20262%2%2.1%—+14p—
Jan 13, 20262.1%1.8%2.1%2.2%+1.0p—
Dec 8, 20252.1%1.7%2.2%2.1%-2.8p—
Nov 11, 20252.2%2.1%2.1%—+14p—
Oct 13, 20252.1%2.2%1.9%2%+19p—
Sep 8, 20251.9%1.9%1.6%—-19p—
Aug 11, 20251.6%1%1.5%—+20p—
Jul 8, 20251.5%1.7%1.4%1.5%-4.2p—
Jun 9, 20251.4%2.6%2%2.2%-4.1p—
May 12, 20252%3.4%3.2%—-25p—
Apr 10, 20253.2%3.5%3.2%3.3%-38p—
Mar 10, 20253.2%3.6%3.6%3.5%-20p—
Feb 11, 20253.6%3.6%3.7%—+42p—
Jan 14, 20253.7%3.5%3.2%3.5%-2.2p—
Dec 9, 20243.2%3.2%3.2%3.1%+3.9p—
Nov 11, 20243.2%3.2%3.2%—+22p—

Showing the latest 24 of 97 tracked releases.

Reaction = USDJPY move 60 minutes after the release, measured from our own price history. Story links appear for releases our news desk covered; every release gets a row here whether or not it gets a story. Values from before our live tracking began are the current figures in the official statistical series, so they include later revisions; live rows record the number as printed.

Market statistics, not financial advice. All reaction figures are measured from our own price feed under our published methodology.
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