From a low of 1976 at the open to a high of 2017 and now back to 1993 — down 1.2% from the high.

Ultimately, this kind of volatility breeds contempt. In stocks, stability is positive and volatility tends to break to the negative side. So far USD/JPY is holding strong at 117.20 but it won’t last with stocks under pressure.

These are some of the craziest markets since 2008/09.