Abstract
Point to point correlators of currents are computed in quenched QCD using a chiral lattice fermion action, the overlap action. I compare correlators made of exact quark propagators with correlators restricted to low (less than 500 MeV) eigenvalue eigenmodes of the Dirac operator. In many cases they show a qualitative resemblance (typically at small values of the quark mass and distances larger than 0.4 fm) and they differ qualitatively at larger quark masses or at very short distance. Lattice results are in qualitative agreement (and in the difference of vector and axial vector channels, quantitative agreement) with the expectations of instanton liquid models. The scalar channel shows the effects of a quenched finite volume zero mode artifact, a negative correlator.

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