The Japanese yen weakened to 160.16 per dollar on Friday, giving up over half its gains since last month's intervention, despite Japan spending approximately $97 billion (¥15.4 trillion) between July 30 and August 26 to support its currency. The renewed slide puts pressure on officials to act, with potential consequences for Bitcoin as investors may sell assets to cover yen-funded carry trades if the currency strengthens sharply. Bitcoin briefly fell below $77,000 after Federal Reserve Chair Kevin Warsh pledged to bring inflation to target, leading investors to expect higher US rates. However, Metaplanet CEO Simon Gerovich expressed a long-term bullish outlook for Bitcoin, stating that Asian savers are ready to embrace it and he expects a "much brighter rest of the year."