it must have been the follow up statement from chinese...i.e. CNY flexible in theory but stable in practice... see e.g. here: http://www.cnbc.com/id/37816578
EUR/USD tanked at the same time. It might have something to do with China's announcement that the dollar/yuan exchange rate will stay fixed on Monday.
1127.25 is a key level, I was trying to short, I didn't get filled. What a drop. Now back up :] >> Then back down.