Bitcoin reclaims $80K as DXY falls amid continuing suspected yen intervention
Summary
Bitcoin rose 5% during US trading hours to about $81,000, near last month’s highs. The move tracked a weaker dollar as the yen strengthened on suspected central-bank intervention, pushing USD/JPY lower and the DXY to around 99, which has historically supported BTC. Strategy (MSTR) also rallied, gaining 8.6%, though its preferred stock STRC remained below par. Market focus is on Japan after the intervention revived concerns about a renewed carry-trade unwind, especially with a BOJ rate hike now widely expected at the Sept. 18 meeting. Some traders see the yen intervention as potentially liquidity-positive if it leads Japan to tap dollar funding facilities, which could ease global financial conditions.
