BoJ decision 2026: Next Release Date, History & Market Reaction

Bank of Japan Interest Rate Decision

Japan · JPY · next release, past figures and how USD/JPY moved after each one. Times in UTC.

Next release Fri 30 Oct 2026, 03:00 UTC Estimate 1.25% · previous 1.25%

Latest release 1.25% vs 1.25% expected 18 Sep 2026 · in line with the estimate

Typical USD/JPY move, 1 hour 17 pips median of the last 7 releases

What Is BoJ decision?

The Bank of Japan's Policy Board meets eight times a year. The decision has no fixed release time: it comes out when the meeting ends, usually around midday in Tokyo, and the Governor's press conference follows in the afternoon.

Because the timing is not known in advance, the yen can move suddenly during the Asian session on decision days.

How the Market Moved After the Last Releases

Instrument	Typical 1h move	Typical 4h move	Largest 1h move	After a figure above estimate	After a figure below estimate
USD/JPY	17 pips	27.3 pips	82.8 pips 18 Sep 2026	–	–
Last 7 measurable releases. "Higher" and "lower" count how the price stood one hour after the release. Rate decisions are usually in line with the estimate, so the statement and press conference drive the move.

Release History

Date (UTC)	Actual	Estimate	Surprise	USD/JPY 1h
Fri 18 Sep 2026, 02:54 UTC	1.25%	1.25%	0%	+82.8 pips
Fri 31 Jul 2026, 03:11 UTC	1%	1%	0%	+17 pips
Tue 16 Jun 2026, 03:19 UTC	1%	1%	0%	+11.3 pips
Tue 28 Apr 2026, 03:00 UTC	0.75%	0.75%	0%	−44.3 pips
Thu 19 Mar 2026, 03:00 UTC	0.75%	0.75%	0%	−3 pips
Fri 23 Jan 2026, 03:00 UTC	0.75%	0.75%	0%	+3.3 pips
Fri 19 Dec 2025, 03:30 UTC	0.75%	0.75%	0%	+23.1 pips

BoJ decision FAQ

When is the next BoJ decision release?

The next BoJ decision release is scheduled for Fri 30 Oct 2026, 03:00 UTC, with a consensus estimate of 1.25%. Dates come from the economic calendar and can change.

How much does USD/JPY move after BoJ decision?

Over the last 7 releases, the typical move in USD/JPY one hour after BoJ decision was 17 pips, and 27.3 pips after four hours (median sizes, either direction). The largest one-hour move was 82.8 pips on 18 Sep 2026. Past moves are not a forecast of the next release.

What does a figure above or below the estimate mean?

The estimate is the consensus of economists' forecasts before the release. Markets price in that number, so prices react mainly to the surprise: the gap between the actual figure and the estimate, and to revisions of earlier months, rather than to whether the figure is high or low.