NEW YORK Dec 5 The dollar extended gains versus the yen to hit a session peak in late morning trade on Wednesday.
The dollar rose as high as 82.42 yen on Reuters data and was last at 82.38, up 0.6 percent on the day.
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column