The U.S. dollar rises to new 34-year highs in Tokyo in the upper 155 yen range, as currency traders tested the limits of the yen's weakness amid speculation that a market intervention by Japanese authorities is still a way off.
The Nikkei stock index ends just shy of the 40,000 mark in a fresh record high as a wide range of large-cap shares drew buying on eased concerns for the U.S. economy, and the weak yen continued to boost exporters.
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Investor confidence borne from record corporate profits and the prospect of Japan putting its painful period of deflation behind it, helped by companies focusing on improving shareholder returns, all drove the Nikkei stock index to its all-time high.
Japan's Nikkei index surged Tuesday, gaining over 1,000 points to briefly trade above 38,000 for the first time in 34 years in a buying spree after a major technology firm revised its profit projections upward. The 225-issue Nikkei Stock Average ended up 1,066.55 points, or 2.89 percent, from Friday at…