The Aussie dollar against the Japanese yen, after breaking down from its 7-month uptrend, dropped by more than 10% in less than a month to today’s low of 89.00. As you can see in the AUD/JPY daily chart above, this level happens to be the 1-year support line where we could expect a rebound. However, if it bounces back up, significant selling pressure could be experienced at the 93.00 area. If that price-mark breaks, the next hurdle could be the 97.00 resistance. On the other hand, in any case the drop continues and the 1-year support line doesn’t hold, the next marker the pair could cling to is the 4-year support line.