The volatility of Bitcoin in Japan has reached new highs, with the BTC-JPY pair surpassing the BTC-USD pair in 90-day realized volatility. This is the first time since 2022 that BTC-JPY has been more volatile than its U.S. counterpart. The weakness of the Japanese yen, along with market uncertainty following recent elections, have contributed to this shift. Japanese investors are turning to Bitcoin as a hedge against traditional markets and the yen's struggles. Traders are also preparing for possible volatility spikes in the BTC-USD market as the U.S. election approaches. Overall, both the yen's vulnerability and the upcoming elections in Japan and the U.S. are creating a dynamic outlook for BTC traders.



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