10-Year JGB Auction comes in at 3.101%

The 10-Year JGB Auction results were released today, showing an actual yield of 3.101%. This figure represents an increase from the previous auction’s yield of 2.995%. No consensus figure was available for this release.

Following the auction results, the Japanese Yen showed a mixed, generally muted reaction against major currencies in the initial 15 minutes. AUDJPY declined by 5.2 pips, while CADJPY moved down 3.5 pips. CHFJPY saw a minor decline of 0.2 pips, and EURJPY was largely flat, up 0.1 pips. GBPJPY decreased by 2.9 pips, NZDJPY fell 1.3 pips, and USDJPY was down 4.4 pips. These measured moves are generally smaller when compared to the historical median 1-hour moves for these pairs after similar releases. For instance, AUDJPY typically sees a median 1-hour move of 6 pips, CADJPY 4 pips, CHFJPY 4 pips, EURJPY 5 pips, GBPJPY 6 pips, NZDJPY 6 pips, and USDJPY 5 pips.