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BoJ Interest Rate Decision, June 2025

The Bank of Japan held the short-term policy interest rate at 0.50% on June 17, 2025, as expected.

Decision0.50%■ hold
Against expectedAs expectedexpected 0.50%
Previous0.50%short-term policy interest rate
USD/JPY one hour later −38 pips from the last price before
The result

What the BoJ decided in June 2025

The move Hold Held at 0.50%.
Against expected No surprise Economists expected: hold at 0.50%. The decision was as expected.
Timing 12:31 PM Tokyo Tuesday, June 17, 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 Jun 17, 2025 The hour before the 12:31 announcement ranged 30 pips. The first spike went below it by 7.4 pips, and a five-minute candle closed back inside after 10 minutes. 144.4 144.6 144.8 145.0 12:00 12:30 13:00 13:30 14:00 14:30 THE HOUR BEFORE BoJ 12:31 Spike 144.623 · 7.4 pips past the hour's low Closed back inside · 10 min
  1. The hour beforeUSD/JPY ranged 30 pips, from 144.697 to 144.997, and was at 144.856 at the announcement.
  2. The first spike After 3 minutes price went through the hour's low and ran 7.4 pips past it.
  3. The close back A five-minute candle closed back inside the range after 10 minutes.
  4. The other side Price then traded through the opposite edge of the range within four hours.
  5. The moves From the last price before the announcement: −10 pips at 15 minutes, −38 pips at one hour, −9.6 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 June 2025 decision: questions

What time was the BoJ interest rate decision on Jun 17, 2025?

It was announced at 12:31 PM Tokyo (11:31 PM EDT New York, 4:31 AM London London), with the press conference at 3:30 PM Tokyo.

What did the BoJ decide in June 2025?

Held at 0.50% (previous 0.50%). Economists expected: hold at 0.50%, so the decision was as expected.

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

On one-minute candles: the hour before ranged 30 pips; the first spike went below it by 7.4 pips; a five-minute candle closed back inside after 10 minutes; after one hour USD/JPY was −38 pips from its pre-announcement price.

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