BoJ Interest Rate Decision, January 2026
The Bank of Japan held the short-term policy interest rate at 0.75% on January 23, 2026, as expected.
What the BoJ decided in January 2026
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.
- The hour beforeUSD/JPY ranged 18 pips, from 158.499 to 158.675, and was at 158.653 at the announcement.
- The first spike After 1 minute price went through the hour's high and ran 6.6 pips past it.
- The close back A five-minute candle closed back inside the range after 10 minutes.
- The other side Price then traded through the opposite edge of the range within four hours.
- The moves From the last price before the announcement: +4.2 pips at 15 minutes, −5.4 pips at one hour, +24 pips at four hours.
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.
BoJ January 2026 decision: questions
What time was the BoJ interest rate decision on Jan 23, 2026?
It was announced at 12:07 PM Tokyo (10:07 PM EST New York, 3:07 AM London London), with the press conference at 3:30 PM Tokyo.
What did the BoJ decide in January 2026?
Held at 0.75% (previous 0.75%). Economists expected: hold at 0.75%, so the decision was as expected.
How did USD/JPY react to the BoJ decision in January 2026?
On one-minute candles: the hour before ranged 18 pips; the first spike went above it by 6.6 pips; a five-minute candle closed back inside after 10 minutes; after one hour USD/JPY was −5.4 pips from its pre-announcement price.
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