Maybe the Yen as well as the AUD are acting as a safe harbour at the moment,a refuge against all the turmoil in the emerging markets,as capital flees,after being sent there following the QE in the USA.
Maybe the US DOW and S&P are just correcting as they are fully priced and there is no more upside left.
Doesn't seem to be panic yet.....but you never can tell if panic will arrive and turn this into something more than it is.The media will assist in this,no doubt.
