10-Year JGB Auction Yields 2.995%

The 10-Year JGB Auction, released today at 03:35 UTC, showed a yield of 2.995%. This compares to the previous auction’s yield of 2.84%. No consensus figure was available for this release.

Measured market reaction across JPY pairs has been limited in the 15 minutes following the release. USDJPY moved -1.2 pips, while EURJPY moved -2.1 pips. CADJPY saw a -2.1 pip move. AUDJPY moved +0.5 pips, GBPJPY moved +0.3 pips, CHFJPY moved -0.1 pips, and NZDJPY moved -0.9 pips. These observed moves are small when compared to the typical median 1-hour moves for these pairs. For context, the median 1-hour move for USDJPY after past JGB auctions is 5 pips, for EURJPY it is 5 pips, and for AUDJPY it is 7 pips.