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

The yen fell to 127.70 against the euro and 166.79 against the pound, from yesterday's closing quotes of 127.30 and 165.93, respectively.

Against the U.S. dollar and the Swiss franc, the yen dropped to 117.47 and 116.79 from yesterday's closing quotes of 116.94 and 116.36, respectively.

If the yen extends its downtrend, it is likely to find support around 129.00 against the euro, 170.00 against the pound, 119.00 against the greenback and 119.00 against the franc.

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