FXstreet.com (Barcelona) - The Yen is rallying on renewed risk aversion, sending the Dollar Yen below 94.00 to hit 93.75low so far, its lowest level in almost a month.

According to Valeria Bednarik, collaborator at FXstreet.com, below 94.00, the Dollar could continue to levels at 93.40: Under today's low of 94.10, expect the fall to accelerate with next supports at 93.70 ahead of stronger 93.40 area.

On the upside, Bednarik affirms that the Dollar should return above 94.45 to confirm recovery: pair could attempt an upside correction, that could reach the 94.75 zone once 94.45 is cleared. Above that, lies strong 95.00 area that should keep pair capped.