"Surging Bitcoin Trading in Japan Amidst Volatile Yen"

Bitcoin trading volume on Japanese exchanges has been on the rise as the Japanese yen experiences significant volatility due to the Federal Reserve's interest rate hikes. The share of bitcoin trade volume on Japanese exchanges increased from 69% to 80% in the first half of the year, with a total trading volume of $4 billion in June. The bitcoin-Japanese yen pair also saw an increase in trading volume. This trend is driven by the perception of bitcoin as a hedge against traditional finance and fiat currencies. The yen's depreciation and rising inflation in Japan further contribute to the demand for alternative assets like bitcoin.