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Currencies

Yen falls to 132 against dollar, hitting 20-year low

Analysts see few factors able to halt the yen's slide

Rising U.S. interest rates and high crude oil prices are factors in the yen's declines.   © Reuters

TOKYO -- Japan's currency extended its decline to 132 yen to the dollar during New York trading Monday, the weakest level in since April 2002, on expectations of continued interest rate hikes by the U.S. Federal Reserve.

The yen fell past its recent low of 131.35 yen per dollar reached on May 9.

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