The Japan flash manufacturing PMI released earlier today by Markit came in at 50.9, down from 51.7 in August, falling below the median estimates of 51.3. The data showed Japan's production being little changed while the manufacturing sector pointed to a broad slowdown as new orders growth declined after rising sharply in August at the fastest pace this year. The decline in the sales volumes was attributed to the slowdown from China where a decrease in the exports was expected. The Yen, which weakened yesterday, losing -0.13% versus the US Dollar was seen gaining in today's early trading session with USDJPY down -0.20% after the release. Price action in USDJPY remains range bound for the past 10 trading sessions and could potentially signal a breakout in the near-term should conditions change drastically.