Something Strange is going on

After almost an entire year of ever increasing correlation between the Euro and the market to the point where it has been at a 1.0 relationship, today it's off and not by a little.

I used the QQQ (green) vs the FXE/Euro (red) because the Q's are the first t really break the morning lows to hit new lows at a -1.73%. Look in the white box, the correlation is perfect as it has been, then look in the blue box and note how far apart the correlation is, almost as if it doesn't exist anymore. I know we also saw it in USO and we have the Thursday BOJ currency intervention that should send the EUR lower, but a day before the big meeting, it seems more like a pure risk off environment. We'll find out soon enough and hopefully this non-sensical correlation finally passes.