FXStreet (Edinburgh) - The offered tone around the dollar remains unabated on Wednesday, now sending USD/JPY to break below the key support at 122.00 the figure. USD/JPY weaker as USD-selling picks up pace The greenback continues to lose ground vs. its main rivals today, with US Treasuries deeper into negative territory for the day and riskier assets gathering traction across the board. USD-dynamics and risk-appetite trends look poised to be the sole drivers for the pair in the near term, as the US calendar losses appeal in light of next week’s FOMC gathering. USD/JPY levels to consider At the moment the pair is retreating 0.86% at 121.93 and a breach of 121.72 (100-day sma) would expose 121.00 (psychological level) and then 120.87 (50% Fibo of 125.28-116.46). On the other hand, the next hurdle lines up at 123.69 (high Nov.18) followed by 124.58 (high Jul.30) and finally 125.29 (high Aug.12). ------- What will 2016 bring to the Forex traders? Attend our Forex Forecast 2016 - The Panel with Ashraf Laidi, Valeria Bednarik, Boris Schlossberg, Adam Button, Ivan Delgado and Dale Pinkert. Register for the live event on Dec. 18th and get the recording too. ------- For more information, read our latest forex news.