Yes, that's possible, esp. given the September rally failed to make a new high (ie. take out the high of Jul 24th). If the yen maintains strength (as it has done since the end of September) price may get down to 92.300. The only thing that worries me in your scenario is the ending-diagonal kind of wave I can see on an H4 chart (choppy range trading, both currencies are equally weak long-term). If it starts braking the sellers' impetus, we might not get to see price 92 printed in the coming days.