Risk aversion is the name of the game after a brief bout of dollar weakness. EUR/JPY us back below what was support at the 116.40 area. If we hold below that level, the way is clear for a test of the 113.60 trend lows from late October. Barriers are seen at 113.50 and all the way down to 110.00, every 50 pips. Options-related selling is the risk now as dealers remain short options which force them to sell weakness and buy strength.