well no conspiracy theory about this chart from yesterday on the USD/JPY forex.
******The action came after the Bank of Japan last week expanded stimulus programmes to a total of 55 trillion yen (S$880 billion) from 50 trillion yen, as Europe's sovereign-debt crisis spurred the yen to a 7.5 per cent gain versus the US dollar in the last six months.
The intervention weakened the yen against more than 150 currencies worldwide. It sank more than 4 per cent against the US dollar, touching 79.53 at 3pm yesterday. It slid 3.3 per cent against the euro and 2.7 per cent against the Aussie dollar.*****
