Japan's Nikkei scales near 8-month closing high

Wed Dec 12, 2012 1:09am EST

TOKYO, Dec 12 (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 advanced 0.6 percent to 9,581.46 points,
taking the index to 'overbought' territory, with its 14-day
relative strength index at 70.9. Seventy or above is considered
overbought and often indicates a possible near-term pull back.
    The broader Topix index ended 0.7 percent higher at
791.29.