The Japanese yen recovered against the other major currencies in the pre-European session on Friday.

The yen rose to 126.36 against the euro, 161.66 against the pound and 114.79 against the Swiss franc, from early lows of 127.65, 163.54 and 115.95, respectively.

Against the U.S., the Australian, the New Zealand and the Canadian dollars, the yen edged up to 111.66, 79.28, 74.53 and 80.28 from early lows of 113.01, 80.54, 75.89 and 81.34, respectively.

If the yen extends its uptrend, it is likely to find resistance around 125.00 against the euro, 160.00 against the pound, 113.00 against the franc, 110.00 against the greenback, 77.00 against the aussie, 72.00 against the kiwi and 79.00 against the loonie.

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