BoJ Interest Rate Decision, September 2026
The Bank of Japan raised the short-term policy interest rate 25 bp to 1.25% on September 18, 2026, as expected.
What the BoJ decided in September 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 48 pips, from 156.134 to 156.610, and was at 156.588 at the announcement.
- The first spike After 1 minute price went through the hour's high and ran 53 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: +23 pips at 15 minutes, +48 pips at one hour, +42 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 September 2026 decision: questions
What time was the BoJ interest rate decision on Sep 18, 2026?
It was announced at 11:54 AM Tokyo (10:54 PM EDT New York, 3:54 AM London London), with the press conference at 3:30 PM Tokyo.
What did the BoJ decide in September 2026?
Raised 25 bp to 1.25% (previous 1.00%). Economists expected: hike 25 bp to 1.25%, so the decision was as expected.
How did USD/JPY react to the BoJ decision in September 2026?
On one-minute candles: the hour before ranged 48 pips; the first spike went above it by 53 pips; it did not close back inside within the hour; after one hour USD/JPY was +48 pips from its pre-announcement price.
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