Japan Monetary Base growth contracts more than expected to 7.8% versus 9% forecast

Source Fxstreet
  • Japan’s Monetary Base grew less than markets expected, slipping to 7.8%.
  • Markets expected an uptick to 9%.
  • Annualized Monetary Base growth hit 8.9% in November.

December’s YoY Japan Monetary Base slipped to 7.8% growth for the year ended December, coming in less than median market forecasts of 9%, and slipping further back from November’s annualized print of 8.9%.

The seasonally adjusted figure declined steeply, with the Monetary Base declining by 14.5% after cyclical factors were adjusted for.

Market Reaction

The USD/JPY is trading in a tight range at the intraday level, but the Yen appears to be giving up early ground on Friday as the US Dollar continues to push back towards 145.00 against the JPY.

USD/JPY Hourly Chart

About Japan’s Monetary Base

The Monetary Base released by the Bank of Japan is the "Currency Supplied by the BoJ" including all the JPY in circulation, encompassing notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rates. An acceleration of monetary base is considered as positive for the JPY, whereas a decline is seen as negative.
 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Forecast: PCE Data Weakens Fed Rate Hike Expectations, Can Gold Price Hold Steady at $4,000?As of today's Asian session (June 26), gold ( XAUUSD) prices fluctuated near $4,010. Yesterday, gold rebounded following the release of the PCE data, and market sentiment improved signifi
Author  TradingKey
Jun 26, Fri
As of today's Asian session (June 26), gold ( XAUUSD) prices fluctuated near $4,010. Yesterday, gold rebounded following the release of the PCE data, and market sentiment improved signifi
placeholder
Australian Dollar edges lower to near 0.6900 on Fed hike bets The AUD/USD pair edges lower to around 0.6900 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) on the expectation of US rate hikes later this year.
Author  FXStreet
Jun 26, Fri
The AUD/USD pair edges lower to around 0.6900 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) on the expectation of US rate hikes later this year.
placeholder
Gold Price Forecast: Gold Price Falls Below $4,000, PCE Data May Push Gold Down to $3,900As of today (June 25) during the Asian session, gold ( XAUUSD) was last priced at $3,976.90, down 0.54% on the day. After gold prices fell below $4,000 yesterday, they fluctuated around $
Author  TradingKey
Jun 25, Thu
As of today (June 25) during the Asian session, gold ( XAUUSD) was last priced at $3,976.90, down 0.54% on the day. After gold prices fell below $4,000 yesterday, they fluctuated around $
placeholder
Crypto market sheds over 50% of its value amid Bitcoin's brief decline below $60KThe crypto market has erased more than half of its value since reaching an all-time high in late 2025. The decline underscores the severity of the recent bear market and lack of a fresh catalyst to revive investor interest, according to a Wednesday X post by The Kobeissi Letter.
Author  FXStreet
Jun 25, Thu
The crypto market has erased more than half of its value since reaching an all-time high in late 2025. The decline underscores the severity of the recent bear market and lack of a fresh catalyst to revive investor interest, according to a Wednesday X post by The Kobeissi Letter.
placeholder
Gold Price Trend Forecast: Gold Price Risks Falling Below $4,000, PCE Data Is Key As of the European session today (June 24), gold prices ( XAUUSD) remained weak and fell intraday, touching an intraday low of $4,050 to hit a near two-week low, signaling clear short-ter
Author  TradingKey
Jun 24, Wed
As of the European session today (June 24), gold prices ( XAUUSD) remained weak and fell intraday, touching an intraday low of $4,050 to hit a near two-week low, signaling clear short-ter
Related Instrument
goTop
quote