Dollar-Yen traded below 93.75 for the whole past 24 hours, settling for a nearby top at 93.63. But, as we approach the important top 93.75, we recommend caution of a possible drop. Since it is pretty important, we will take 93.75 to be our "resistance of the day", and we do not expect this "correctionless" rise to continue unless it is broken. But if it does, the price will jump above 94 for the first time since August, targeting 94.35 and may get a taste of 95 as it targets 95.05.

As for the support it is at 93.00, and breaking it would mean that the price has settled for a top at 93.58, for the time being at least, and that we will now correct the big rise we just saw. If this break takes place, we expect the Dollar to fall strongly targeting 92.13 first, and may be 91.53 afterwards.

Support:
* 93.26: the rising trend line from 92.10 on hourly charts.
* 92.13: Feb 19th low.
* 91.49: Fibonacci 38.2% for the rise from 88.12.

Resistance:
* 93.75: Jan 8th high.
* 94.35: Aug 4th low.
* 95.05: Aug 24th high