Its been a while now that the price of Yen and the US Markets have been inversely correlated. However, yesterday we experienced both a spike in the dollar and a sell-off in the US indices. Your thoughts / explanations on this divergence? I was expecting the Yen to get stronger, as investors would flee out of equities which are starting to look unnattractive - in order to cover their short Yen positions. Are we looking at a turning point in the current USD downtrend? Future fed cuts less likely? Thanx for your input.