The Japanese yen retreated from early highs against the other major currencies in the Asian session on Wednesday.

The yen fell to 130.00 against the euro and 166.51 against the pound, from early highs of 129.21 and 165.28, respectively.

Against the U.S. dollar and the Swiss franc, the yen edged down to 115.13 and 118.41 from early highs of 114.26 and 117.64, respectively.

If the yen extends its downtrend, it is likely to find support around 132.00 against the euro, 176.00 against the pound, 118.00 against the greenback and 121.00 against the franc.

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