This article's content is accurate to the most recent public game version, 0.4.8d.
"Disruptive magic that deals little actual damage, instead destroys all enemies' magical buffs."
Cost: 10 TP
Source: Wendy - Starting skill.
Phyre's Dispersal is a skill that deals 16-24 
mental damage, and removes all STAT Up and 
Ailment Guard/
Ailment Defence buffs on all enemies.
Only a few enemies in Eric(a)'s Memories have buffing moves, so this skill proves to be more of a danger when facing Wendy's boss battle.
The following enemy can cast Phyre's Dispersal: