BoJ Interest Rate Decision, May 2025
The Bank of Japan held the short-term policy interest rate at 0.50% on May 1, 2025, as expected.
What the BoJ decided in May 2025
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 23 pips, from 142.961 to 143.193, and was at 143.189 at the announcement.
- The first spike After 1 minute price went through the hour's high and ran 58 pips past it.
- The close back No five-minute candle closed back inside the range within the hour: the first move held.
- The other side Not measured: it needs a close back first.
- The moves From the last price before the announcement: +21 pips at 15 minutes, +57 pips at one hour, +141 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 where the first move held. Counts include the decisions where it did not close back. All BoJ dates · BoJ overview.
BoJ May 2025 decision: questions
What time was the BoJ interest rate decision on May 1, 2025?
It was announced at 12:02 PM Tokyo (11:02 PM EDT New York, 4:02 AM London London), with the press conference at 3:30 PM Tokyo.
What did the BoJ decide in May 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 May 2025?
On one-minute candles: the hour before ranged 23 pips; the first spike went above it by 58 pips; it did not close back inside within the hour; after one hour USD/JPY was +57 pips from its pre-announcement price.
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