TOKYO -- The yen is caught in a historic stretch of weakening that shows no sign of ending even after the Bank of Japan's first interest rate hike in 17 years, thanks to the persistently strong dollar backed by protectionist U.S. policies.
Currencies
U.S. protectionism lurks behind yen's stubborn weakness
Election-year 'Buy American' push attracts foreign money, bolstering dollar
The yen has remained persistently weak against the dollar even after the Bank of Japan scrapped negative interest rates. © Reuters
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