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USD/JPY moved a dozen pips or so lower...>

DOLLAR-YEN
DOLLAR-YEN: USD/JPY moved a dozen pips or so lower overnight and last sits at
Y113.51. The slip occurred primarily on the back of broader, albeit modest, USD
weakness, as the greenback underperformed all of its G10 peers. 
- The disappointing performance of European & U.S. equity markets Wednesday &
the Nikkei 225's downtick today lent some modest support to the yen. 
- Bears keep an eye on the 38.2% fibo retracement of the move from Y111.38 to
Y114.21 at Y113.12 before targeting the 21-DMA at Y113.04. Conversely, bulls
look to retake the key Y114.00 level after briefly breaking above yesterday,
which would improve their outlook & open up the Nov 12 highs of Y114.21.

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