  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
qualitative resemblence (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.
