Yen sinks to 20-yr low at 133.00 vs. dollar on interest rate gap

The Japanese yen fell to a fresh 20-year low against the U.S. dollar Tuesday, briefly touching the 133 line, on expectations that the interest rate gap will widen between Japan and the United States.The Japanese currency sank to 133.00 against the dollar at one point during Tokyo trading, the lowest level since April 2002, as expectations grew that the U.S. Federal Reserve will continue its aggressive monetary tightening.The yen's renewed drop came after Bank of Japan Governor Haruhiko Kuroda said Monday the central bank will stick to its powerful monetary easing to realize its 2 percent in…READ FULL ARTICLE