The Japanese yen slipped against its major counterparts ahead of European deals on Tuesday.

The yen hit 122.68 against the greenback, its lowest since July 2007, from an early high of 121.48.

The yen fell to a 5-day low of 99.46 against the loonie, 11-day low of 89.41 against the kiwi, 4-day lows of 95.73 versus the aussie and 189.09 against the pound, off early highs of 98.63, 88.79, 95.04 and 187.88,respectively.

The yen edged down to 128.97 against the franc and 133.82 against the euro, reversing from an early high of 128.46 and a multi-week high of 133.09,respectively.

The yen may possibly find support around 124.00 against the greenback, 130.00 against the franc, 135.00 against the euro, 190.00 against the pound, 91.00 against the kiwi, 100.00 against the loonie and 97.5 against the aussie.

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