USD/JPY is trading lower on the day, presently at 94.60 from an early 95.10. Sources contacted are at a loss to really explain away the move.
One did offer the fact that S&P futures are down 3 points, with European stocks looking just a smidgeon vulnerable. Obviously a deterioration in risk appetite would be supportive of the JPY.
The 55 DMA looms large at 94.50, and this is so far lending support. Probably some stops parked just south of said level.
