A screen in Tokyo shows the yen trading in the lower 135 zone against the U.S. dollar on June 13, 2022, hitting a fresh 20-year low in anticipation of a further widening of the interest rate gap between Japan and the United States. (Kyodo) ==Kyodo

TOKYO - The yen slipped Monday to its lowest level against the U.S. dollar in over 23 years, while stocks plunged in Tokyo as high inflation in the United States last month fueled expectations of aggressive monetary tightening by the Federal Reserve.