Golden Finance reported that derivatives trader Gordon Grant said that in addition to the Fed's policy changes, the weakening of the yen also provided support for Bitcoin. The U.S. dollar has been strengthening against the yen since Monday, providing further upside for Bitcoin. Gordon Grant said that the strengthening of the U.S. dollar against the yen has historically been beneficial to high-risk assets because the yen is often used as a financing currency for risk-on transactions, and investors seek higher returns by borrowing low-interest currencies such as the yen. Earlier news, the Bank of Japan announced a pause in interest rate hikes earlier today, keeping the policy rate unchanged at 0.25%, in line with market expectations.