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

The yen rose to 123.79 against the euro and 156.52 against the pound, from yesterday's closing quotes of 124.00 and 157.18, respectively.

Against the U.S. dollar and the Swiss franc, the yen edged up to 108.88 and 113.24 from yesterday's closing quotes of 109.19 and 113.51, respectively.

If the yen extends its uptrend, it is likely to find resistance around 122.00 against the euro, 151.00 against the pound, 107.00 against the greenback and 111.00 against the franc.

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