(Bloomberg). — As traders evaluate the different paths to monetary policy in Japan, and in the U.S., the yen is sliding toward the longest losing streak for at least 50 years.

After Haruhiko Kuroda, Bank of Japan Governor, warned of sharp moves in the yen as he seeks to stimulate a fragile economy, Monday’s session saw Japan’s currency slide against the dollar 12 times consecutively. These comments are in sharp contrast to the expectations of the U.S. Federal Reserve for more aggressive tightening, which has buoyed greenback.

“The move in the yen is incredible,” said Bipan Rai, head of foreign-exchange strategy at CIBC. “But given the differing stances of the Fed and BOJ, it shouldn’t be all that surprising.”

Read more: BOJ’s Kuroda steps up warning on ‘very rapid’ yen moves

The yen fell as much as 0.4% to 126.98 per dollar on Monday after Kuroda pointed to the potential for “very rapid” moves in the currency as rates are seen staying low. The yen fell to its lowest point since May 2002, and is expected to continue its long decline. 

The dollar has strengthened while investors await Fed policy makers’ statements this week, which will provide clues as to whether they will raise rates half-point in May to ease price pressures.

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