Another Very Interesting move or lack of...

I've shown you almost every  day how tight the Yen (USD/JPY) correlation is with the SPX, using the yen, they are near perfect mirror images of each other, this started and took over for the EUR/USD correlation which broke down months ago, right after the Bank of Japan announced its massive QE program in April, since then, this is what the two have looked like...

 This is a 15 min chart dating back to mid May showing the Yen in green, the SPX in red, this is the last of the FX Carry trades and it is the only real risk driver on a daily basis, note the correlation is almost 1.0- mirror opposite.

Yet this morning, in a rare move and after the normal correlation, we see the move I just showed you in the $USD/Yen with the Yen shooting up to a new high, the SPX in red "should" be shooting down to a new low, so far it hasn't moved except for slightly up!