The Japanese yen weakened against the other major currencies in the Asian session on Wednesday.

The yen fell to nearly a 1-1/2-month low of 121.98 against the euro and nearly a 3-month low of 143.03 against the pound, from yesterday's closing quotes of 121.38 and 142.59, respectively.

Against the U.S. dollar and the franc, the yen dropped to more than a 2-week low of 111.43 and nearly a 1-month low of 112.29 from yesterday's closing quotes of 111.08 and 111.82, respectively.

If the yen extends its downtrend, it is likely to find support around 123.00 against the euro, 145.00 against the pound, 114.00 against the greenback and 114.00 against the franc.

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