Reversing direction, the Japanese yen slipped against its major rivals in European deals on Thursday.

The yen declined to 132.87 against the euro, 124.11 against the franc and 183.36 against the pound, off early multi-week high of 132.14, near 2-month high of 132.58 and near a 2-week high of 182.38, respectively.

The yen fell to a 2-day low of 120.18 against the greenback and a 1-1/2-month low of 96.81 against the loonie, down from previous highs of 119.62 and 96.22, respectively.

The yen also eased to 93.88 against the aussie and 90.39 against the kiwi, from an early high of 93.47 and a 2-day high of 90.06, respectively.

The yen may test support around 121.00 against the greenback, 126.00 against the franc, 184.00 against the pound, 134.00 against the euro, 94.6 against the aussie, 91.00 against the kiwi and 98.00 against the loonie.

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