The USD/JPY currency pair, which expresses the value of the U.S. dollar in terms of the Japanese yen, is currently trading at a level that is in line with the pair's long-term historical movement. The monthly candlestick chart below illustrates this, with a "Fibonacci retracement" (using the highs and lows since the 1990s), indicating the long-term midpoint (the 0.50 retracement level) at just under the 112 handle. USD/JPY currently trades just over 106.
(Chart created by the author using TradingView. The same applies to all subsequent candlestick charts presented hereafter.)
The 0.618