Dollar gains versus yen, hits session high
NEW YORK Jan 31 (Reuters) - The dollar extended gains versus the yen to hit a session high late morning trade on Thursday.
The dollar hit 91.36 yen on Reuters data, still below Wednesday's 2-1/2 year high of 91.40. It was last at 91.31 yen, up 0.3 percent on the day.
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The recent market correction was overdue. A further correction would be an opportunity for those who missed the rally in the past few months. The markets could get a reality check next year and consolidate before the next big movement. I still believe PM Modi will not fritter away his mandate and deliver on his promise, albeit with a delay, writes Ambareesh Baliga. Article