Yesterday, the price action wasn't very exciting, but today it went down to 89.293 rebounding then to 90 yens per dollar. This is the second time that the yen rebounds at that level, forming a double floor with an uptrend pattern. The dollar should then climb over 90 and seek momentum to go up to 90.867, a very important resistance, as we can see on the daily chart. On the lower side, the key is breaking 89.293 once and for all, which would lead the pair to 89 / 88.69 yens per dollar and, at the long term, to 87.107 (yearly low).
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