After yesterday's report was issued, the Dollar-Yen rose to 90.78 (2 pips above the resistance of the report 90.76), then the expected drop started breaking the support 90.33, and reached 89.97 so far. Although the downtrend did not reach its expected targets, and hardly gained 80 pips from yesterday's top, but we believe that the technical evidences have triumphed. And today they are still pointing lower, especially after breaking 90.33. We expect the "shooting star" pattern that happened on Friday to keep pressuring the price, driving it down. Short term resistance is at 90.47 which combines Fibonacci 61.8% for yesterday's drop, with the retest level of the rising trend line from 89.61 which was broken yesterday. The downtrend will be ok as long as we are below this level. But if it is broken, the direction will be opposite to all the technical evidences that point down. And the price will jump to 91.07 & 91.60. While the support is at 90.02, and breaking it would indicate a continuation of the drop which started yesterday at 90.78. The next set of targets will be 89.37 & 88.72.

Support:

* 90.02: important intraday support.

* 89.37: Mar 2nd low

* 88.72: Feb 26th low.

Resistance:

* 90.47: Fibonacci 61.8% for the short term.

* 91.07: Friday's low.

* 91.60: Oct 29th high.