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BoJ Interest Rate Decision, December 2025

The Bank of Japan raised the short-term policy interest rate 25 bp to 0.75% on December 19, 2025, as expected.

Decision0.75%▲ hike +25 bp
Against expectedAs expectedexpected 0.75%
Previous0.50%short-term policy interest rate
USD/JPY one hour later +25 pips from the last price before
The result

What the BoJ decided in December 2025

The move +25 bp Raised 25 bp to 0.75%, from 0.50%.
Against expected No surprise Economists expected: hike 25 bp to 0.75%. The decision was as expected.
Timing 12:20 PM Tokyo Friday, December 19, 2025; press conference at 3:30 PM Tokyo.
What price did

USD/JPY after the BoJ decision, minute by minute

One-minute candles, Tokyo time. The box is the hour before the announcement. How we measure.

USD/JPY one-minute chart around the Bank of Japan decision of Dec 19, 2025 The hour before the 12:20 announcement ranged 30 pips. The first spike went above it by 28 pips, and a five-minute candle closed back inside after 40 minutes. 155.6 155.8 156.0 156.2 11:30 12:00 12:30 13:00 13:30 14:00 THE HOUR BEFORE BoJ 12:20 Spike 156.163 · 28 pips past the hour's high Closed back inside · 40 min
  1. The hour beforeUSD/JPY ranged 30 pips, from 155.580 to 155.879, and was at 155.675 at the announcement.
  2. The first spike After 1 minute price went through the hour's high and ran 28 pips past it.
  3. The close back A five-minute candle closed back inside the range after 40 minutes.
  4. The other side Price did not trade through the opposite edge within four hours.
  5. The moves From the last price before the announcement: +39 pips at 15 minutes, +25 pips at one hour, +68 pips at four hours.
For context

Across 14 measured BoJ decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 11 (79%), and in 6 of those price then took the other side within four hours. In the other 3 the first move held. Median move in the first 15 minutes: 28 pips.

This decision is one of the closed-back cases. Counts include the decisions where it did not close back. All BoJ dates · BoJ overview.

Questions

BoJ December 2025 decision: questions

What time was the BoJ interest rate decision on Dec 19, 2025?

It was announced at 12:20 PM Tokyo (10:20 PM EST New York, 3:20 AM London London), with the press conference at 3:30 PM Tokyo.

What did the BoJ decide in December 2025?

Raised 25 bp to 0.75% (previous 0.50%). Economists expected: hike 25 bp to 0.75%, so the decision was as expected.

How did USD/JPY react to the BoJ decision in December 2025?

On one-minute candles: the hour before ranged 30 pips; the first spike went above it by 28 pips; a five-minute candle closed back inside after 40 minutes; after one hour USD/JPY was +25 pips from its pre-announcement price.

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