BoJ L Money Stock y/y comes in at 4.4% against 5.1% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
The Bank of Japan’s L Money Stock year over year figure was released at 4.4%. This came in below the consensus expectation of 5.1%. The previous month’s reading was 4.5%. The actual print represents a decrease from the prior period and a notable miss against analyst forecasts.
Following the release, JPY pairs showed limited movement in the initial 15 minutes. USDJPY moved -3.7 pips, while NZDJPY moved -2.6 pips. CHFJPY saw a -2.4 pips change, and EURJPY moved -1.3 pips. GBPJPY registered a -1.2 pips change, AUDJPY moved -1.1 pips, and CADJPY moved -0.5 pips. These measured reactions are small when compared to the typical median 1-hour moves observed after past releases, which range from 7 pips for CADJPY and CHFJPY to 9 pips for GBPJPY and USDJPY.