The Japanese yen lost ground across the board during early Asian session Friday on rally in most Asian stocks that bolstered traders to seek for riskier currencies.

Japan's Nikkei 225 Index opened higher today and is currently trading up 113 points or 1.1% To 10,777.

The yen plummeted to a new multi-week low of 124.17 against the euro and 84.97 against the Swiss franc by 6:15 pm ET, compared to Thursday's New York session closing values of 123.83 and 84.75, respectively. On the downside, the yen may find support levels at 125.30 against the common currency and 85.50 against the alpine unit.

The yen slumped to a 4-day low of 136.87 against the pound at this time from 136.36 hit late New York Thursday. The yen is currently worth 136.72 against the pound and sliding below the 137.50 support could set the lowest level for the domestic unit in more than 2 weeks.

Against the US dollar, the yen reached a 2-day low of 90.76 around 6:15 pm ET and falling below the 90.90 support could lead the domestic currency to reach its lowest level in more than 2 weeks. USD/JPY rally that closed yesterday's deals at 90.52 is presently quoted at 90.70.

The yen also dropped to a 2-day low of 83.12 against the Australian dollar by 6:15 pm ET, compared to Thursday's New York session close of 82.86. The yen is presently trading at 83.04 versus the aussie and descending under its Wednesday's low of 83.35 could set its weakest level in more than 7 weeks.

The yen also reached a 2-day low of 88.67 against the Canadian dollar at this time and this may be compared to yesterday's close of 88.44. CAD/JPY pair is presently trading at 88.57 and breaching Wednesday's low of 88.77 could set the lowest mark for the yen in 8 weeks.

The yen that closed Thursday's North American deals at 63.42 against the New Zealand dollar drifted lower to 63.56 before holding ground around 6:40 pm ET. NZD/JPY pair is presently trading at 63.45.