overview news curve bonds auctions calendar T-Bill pd supply boj policy cpi debt holders rv strips swap world annual
swap: JPY Interest Rate Swaps(CFTC / CME)

JPY IRS Gross Notional Outstanding (weekly, USD mn)

Product2026-08-10WoW (%)
Basis59,994-0.9
Fixed-Float2,561,942+4.8
OIS14,717,779+4.1
OTHER95,545+0.2
Swaption1,423,343-0.2
TOTAL18,858,603$18.86T

OIS notional history

10.015.02024-012024-112025-092026-08

Source: CFTC, Weekly Swaps Report.

JPY Futures Positioning (CME, COT) 2026-08-04

Non-comm long147,228
Non-comm short192,701
Net-45,473 contracts (yen-long = positive)
Open interest419,393

Non-commercial net position (contracts) thousands

-20002015-012018-112022-102026-08

Weekly, as of Tuesday. Source: CFTC, Commitments of Traders.