carry trade audjpy is still going down with eurusd also down. I read this guy at shankystech blog and he called a nervous top yesterday or today in effect until the qe2 announcement or actual program buy start. For anyone who hasn't read about the effect of the unwinding of the yen and it's effect on stocks should read the article below. Also, INTER has made some good calls and I'd rather be on the side of his calls than against them. These POMOS can have an effect though. And there is one tomorrow and Friday. One point for the bulls though is that the vol isn't particularly heavy.