Given they have a G-7 meeting this weekend, the intervention took the market by surprise.
People are coming to the realization there is a very high likelihood that the BOJ next week are going to stop quantitative easing or begin to unwind it, and there is a lot of market focus on Japan CPI data later this week.
We're seeing volatility in the energy markets and commodity markets with gold being part of that that's hurting Canada.
The market is focused on the hurricane and worrying that this is the exogenous event that tips the U.S. economy into much slower growth.
The market is disappointed the ECB is not doing more on the interest rate front to support its currency.