It was bound to happen

Thursday the Bank of Japan will meet and apparently partake in yet another currency intervention as the Yen just today, set post world war 2 record highs v, the dollar. The BOJ will intervene to drive the yen down and this may just explain the break up of the Euro/Market correlation as the intervention should send the Euro lower. However between the EU summit tomorrow and the BOJ meeting Thursday, it is shaping up to potentially be a very volatile week and perhaps the week that killed the Euro-that remains to be seen.

 This is far as I can zoom out on the USD/YEN chart, but as you see, the Yen made new highs today vs the dollar.

Here's the earlier mismatch in Euro/Market correlation (QQQ vs FXE/Euro) and you can see once the BOJ news came out, they started to move closer toward correlation, so I assume that this is another case of insider information.