BoJ Interest Rate Decision, March 2026
The Bank of Japan held the short-term policy interest rate at 0.75% on March 19, 2026, as expected.
What the BoJ decided in March 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 13 pips, from 159.543 to 159.675, and was at 159.616 at the announcement.
- The first spike After 4 minutes price went through the hour's high and ran 3.0 pips past it.
- The close back A five-minute candle closed back inside the range after 5 minutes.
- The other side Price did not trade through the opposite edge within four hours.
- The moves From the last price before the announcement: +3.1 pips at 15 minutes, +2.0 pips at one hour, +9.5 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 March 2026 decision: questions
What time was the BoJ interest rate decision on Mar 19, 2026?
It was announced at 11:46 AM Tokyo (10:46 PM EDT New York, 2:46 AM London London), with the press conference at 3:30 PM Tokyo.
What did the BoJ decide in March 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 March 2026?
On one-minute candles: the hour before ranged 13 pips; the first spike went above it by 3.0 pips; a five-minute candle closed back inside after 5 minutes; after one hour USD/JPY was +2.0 pips from its pre-announcement price.
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