The Japanese yen dropped against its most major counterparts in early European deals on Friday.

The yen fell to an 11-day low of 109.66 against the greenback and a 5-1/2-month low of 122.58 against the euro, from its early highs of 108.92 and 121.39, respectively.

Reversing from an early high of 110.72 against the franc, the yen dropped to an 8-month low of 111.78.

The next possible support for the yen is seen around 111.00 against the greenback, 125.00 against the euro and 114.00 against the franc.

Grafico Cross Euro vs Yen (FX:EURJPY)

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Grafico Cross Euro vs Yen (FX:EURJPY)

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