Bitcoin Gains Momentum as Yen Weakens and U.S. Dollar Strengthens, Says Gordon Grant

According to COINOTAG news on September 20, derivatives trader Gordon Grant noted that the recent **Fed policy changes** and a declining yen are bolstering **Bitcoin**. The **U.S. dollar** has shown strength against the yen since Monday, offering additional upside potential for Bitcoin. Grant highlighted that historically, a robust U.S. dollar against the yen has been advantageous for high-risk assets since the yen is often utilized as a financing currency for “risk appetite” trades. Investors typically seek higher returns by borrowing low-interest currencies like the yen. Earlier today, the **Bank of Japan** announced it would pause interest rate hikes and maintain the policy rate at 0.25%, consistent with market expectations.