The Japanese yen lost ground against its major counterparts during the early Asian session on Wednesday.

The yen fell to a 2-1/2-year low of 141.82 against the pound, more than 2-year low of 86.98 against the greenback, more than 4-year lows of 91.01 against the aussie and 72.94 against the kiwi.

The yen also touched near an 18-month low of 115.51 against the euro, near 16-month low of 95.70 against the franc and near a 21-month low of 88.09 against the loonie.

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