TOKYO (Reuters) – Japan’s Nikkei average climbed to its highest closing level in nearly eight months on Wednesday, led by exporters as persistent speculation that a likely new government would pressure the central bank to take bolder policy weighed on the yen.

The Nikkei .N225 advanced 0.6 percent to 9,581.46, taking the index back to ‘overbought’ territory, with the 14-day relative strength index at 70.9. Seventy or above is considered overbought and often indicates a possible near-term pull back.

TOKYO (Reuters) – Japan’s Nikkei share average dipped on Tuesday, although it held above the key 9,500-mark, as investors stayed cautious over signs that the index is overbought after a near 10 percent rally over the past month.

The Nikkei .N225 ended 0.1 percent lower at 9,525.32, but supported by its five-day moving average at 9,520.09.

TOKYO (Reuters) – Japan’s Nikkei share average edged higher on Monday as gains in index heavyweights Fast Retailing Co Ltd (9983.T: Quote, Profile, Research) and Advantest Corp (6857.T: Quote, Profile, Research) erased losses caused by investors booking profits in export-focused firms after weaker-than-expected Chinese trade data.

The Nikkei ended 0.1 percent higher at 9,533.75, after trading as high as 9,584.46, its best level since late April.

TOKYO (Reuters) – Japan’s Nikkei share average climbed to a seven-month high on Monday, buoyed by a jump in Chinese November factory output and a better-than-expected U.S. jobs report.

The Nikkei .N225 gained 0.3 percent to 9,556.28 after trading as high as 9,584.46, its best level in seven months.

TOKYO (Reuters) – Japan’s Nikkei share average rose to a seven-month high for the second day in a row on Friday, ahead of U.S. jobs data, as persistent speculation of further monetary easing by the central bank under a likely new government supported the market.

The Nikkei .N225 gained 0.2 percent to 9,564.33, heading further into “overbought” territory, with its 14-day relative strength index at 71.2. A level of 70 or above is deemed overbought, which often signals a possible pullback in the near term.

TOKYO (Reuters) – The Nikkei average climbed to a seven-month high above the 9,500 mark on Thursday, buoyed by a weaker yen on persistent speculation the central bank would adopt bolder action to pull Japan out of deflation under a likely new government.

The Nikkei .N225 rose 0.8 percent to 9,541.21 by the midday break, taking the index to “overbought” territory, with its 14-day relative strength index at 70.4. Seventy or above is deemed overbought, which often signals a possible pull back in the near-term.

TOKYO (Reuters) – Japan’s Nikkei average rose to a seven-month closing high on Wednesday, lifted by sharp gains in Chinese equities after comments by Communist Party chief raised hopes for an economic recovery in the world’s second-largest economy.

Renewed investor appetite for riskier assets, as evidenced by gains in the euro and Asian stocks, helped weaken the yen against the dollar, which rose 0.5 percent to 82.25 yen, and in turn, helped cut the losses of some Japanese exporters’ shares.

TOKYO (Reuters) – Japan’s Nikkei share average climbed to a seven-month high on Monday above the key 9,500-mark as a weaker yen and improved Chinese manufacturing data buoyed sentiment.

By the midday break, the Nikkei .N225 was up 0.7 percent at 9,508.26 after rising as high as 9,525.82, or 0.8 percent.

TOKYO (Reuters) – The Nikkei average hit a seven-month closing high on Friday as a weaker yen, driven by persistent expectations the Bank of Japan will act more boldly under a likely new government after a December 16 election, lifted the shares of exporters.

The Nikkei has surged 9 percent while the yen has weakened over the past two weeks after Shinzo Abe, leader of the main opposition party, called for the central bank to set an inflation target of 2 percent and embark on “unlimited easing” to pull the economy out of its decade-long deflation.

TOKYO (Reuters) – The Nikkei average hit a seven-month closing high on Friday as a weaker yen, driven by persistent expectations the Bank of Japan will act more boldly under a likely new government after a December 16 election, lifted the shares of exporters.

The Nikkei .N225 has surged 9 percent while the yen has weakened over the past two weeks after Shinzo Abe, leader of the main opposition party, called for the central bank to set an inflation target of 2 percent and embark on “unlimited easing” to pull the economy out of its decade-long deflation.