The USD/JPY currency pair, which expresses the value of the U.S. dollar in terms of the Japanese yen, has demonstrated some truly incredible price action over the past few weeks. The pair has certainly not been for the faint of heart.
The daily candlestick chart below illustrates the recent price volatility for USD/JPY; the green line has been added to reflect S&P 500 futures prices for context (serving as a proxy for the performance of the U.S. equity market).
(Chart created by the author using TradingView. The same applies to all subsequent candlestick