Asian shares stalled on Wednesday as surprisingly upbeat U.S. economic news warred with global growth concerns, while the embattled yen hit a 15-year low on the euro and Japan hinted at intervention to prevent further losses.
sounded hawkish on inflation and warned rates would likely have to stay higher for longer.That underpinned the euro at $1.0950 , while keeping it near a 15-year peak of 157.97 yen .
Markets are wary in case Japan intervenes to buy the yen as it did last October, which 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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