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.
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.