US Dollar Plunges to Post WW II Low Against the Japanese Yen

Bloomberg attributes the plunge of the Dollar against the Yen to concerns that the Fed will soon engage in QE3.

Some of the plunge was obviously technical, as sellers ran the stops and forced further selling. The currency market makes the stock market look good at the extremes of moves.

I suspect strongly that the Fed is much more involved in the European bailout than meets the eye.   And