Yen Strength Sparks USD/JPY Plunge as Bitcoin Defies Macro Trends
The USD/JPY currency pair fell below 156.50 on September 30, 2026, as the Japanese yen strengthened following weak factory output in Japan.
This data dampened expectations of another Bank of Japan rate hike, causing the yen to rise.
However, Bitcoin (BTC) has managed to hold firm in the $83,000-$84,000 range and is avoiding a sharp selloff often associated with yen strength.
This phenomenon raises questions about whether BTC is anticipating easier liquidity rather than reacting to current FX stress.