Yen hits fresh 32-year low of 151 against U.S. dollar

Sell-off of Japanese currency remains unabated despite intervention fears

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The yen reached a level of 151 to the U.S. dollar on Friday for the first time since August 1990.

Nikkei staff writers

TOKYO -- The yen continued its eight-month-long slide against the U.S. dollar on Friday, hitting 151 to the dollar for the first time since August 1990, as investors reckoned that the Bank of Japan would keep its monetary policy loose when it meets next week.

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