Global shares rose on Wednesday, nudged higher by a rally in Japanese stocks as the yen sagged to its weakest since 1990, while the dollar held mostly steady in a holiday-shortened week that ends with a key reading on U.S. inflation.
The yen, which has lost more than 7% in value against the dollar this year already, weakened to as far as 151.975 to the dollar, triggering an immediate warning from Japan's finance minister of "decisive action," a phrase he last used in late 2022, right before monetary authorities intervened to buy the currency.
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