Japan's Nikkei share average rose to a 3-1/2-month high on Friday morning after a weaker yen lifted exporters, while financial stocks extended their rally as U.S. bond yields remained high.
The Nikkei gained 0.3 percent to 22,903.33 in midmorning trade. The benchmark index has risen 0.7 percent so far this week and is poised to post the eighth straight week of gains, the longest winning streak since a nine-week stretch between September and November.
The dollar rose to its strongest level since Jan. 23 against the yen, hitting 110.98.
Analysts say the Nikkei may touch a psychologically important level of 23,000 if the dollar moves above 111 yen, although investors are unlikely take large positions before the weekend.
Source : Reuters