Yen falls extending losses to 17% in 2013

The Japanese currency declined on the last trading session of 2013 on Monday hitting the weakest level in five years and extending this year's losses to over 17% amid signs that global economy is improving and as traders expect more stimulus by the Bank of Japan. Yen dropped to the lowest since October 2008 at 105.415 per U.S. Dollar and it later traded at 105.32.