Asian shares hesitated on Wednesday as surprisingly upbeat U.S. economic news warred with global growth concerns.
sounded hawkish on inflation and warned rates would likely have to stay higher for longer.The euro responded by climbing to $1.0957 , while surging on the low-yielding yen to a 15-year peak of 157.97 .
Markets are wary in case Japan intervenes to buy the yen as they did last October, when they knocked the dollar down from a top of 151.94 to as low as 144.50 in a matter of hours.
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