Rounding up this busy central bank week is the Bank of Japan (BOJ) which will be announcing its policy decision on Friday.
Will they reiterate their tightening stance and openness to intervention?
Here’s what to look out for in this top-tier event.
Event in Focus:
Bank of Japan (BOJ) Monetary Policy Statement for July 2026
When Will it Be Released:
July 31 (Friday), Release time and presser are tentative for the Asian trading session
Use our Forex Market Hours tool to convert GMT to your local time zone.
Expectations:
- BOJ policymakers likely to keep its interest rates at 1.00%
- BOJ to conduct a press conference shortly after the statement release
Expectations as of July 30, at 2:08 am GMT
Previous Releases and Risk Environment Influence on JPY
June 16, 2026
Overlay of JPY vs. Major Currencies –Chart Faster with TradingView
Event Results / Price Action:
The BOJ raised its benchmark rate by 25 basis points to 1.00% in a 7 to 1 vote, the highest since 1995. With Governor Ueda hospitalized, Deputy Governor Uchida led the press conference and offered no fresh hawkish signal.
USD/JPY held above 160.00 since markets had priced in roughly a 96% chance of a hike. The yen briefly gained on pre-decision positioning but reversed lower, ending weakest against EUR and CHF.
