BoJ L Money Stock y/y comes in at 4.3% against 4.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
The Bank of Japan’s L Money Stock year over year was reported at 4.3%. This print came in slightly above the consensus expectation of 4.2%, marking a 2.4% surprise against the forecast. The previous month’s reading for this indicator was 4.4%.
Following the release, JPY crosses showed limited movement in the initial 15 minutes. USDJPY moved up by 1.8 pips, while CADJPY gained 1.6 pips. CHFJPY rose by 1.0 pips, EURJPY by 0.8 pips, GBPJPY by 0.7 pips, AUDJPY by 0.6 pips, and NZDJPY by 0.5 pips. These measured moves are small when compared to the typical 1-hour movements observed after past releases of this data. Historically, USDJPY and GBPJPY have seen median 1-hour moves of 9 pips, while AUDJPY, EURJPY, and NZDJPY typically move 8 pips. CADJPY and CHFJPY have median 1-hour moves of 7 pips after past releases.