The US Fed, Bank of Japan and ECB have all in the past 12 hours announced an extension of QE policies.

The US Fed said it will prolong its $85 billion per month printing spree.

The Bank of Japan this morning “maintained its commitment to unprecedented monetary easing.”

While news is just breaking that the ECB announced its temporary currency swap lines with other central banks will become permanent.

Coincidence that this all happened in the past 12 hours? It’s a way of debasing currencies at the same time, so the market doesn’t single out either of these currencies in a speculative attack. It would seem that these money printing announcements are being carefully coordinated and timed so these currencies weaken together.