NIKKEI TOPS 70 , 000 AT CLOSE , HITS THREE - MONTH HIGH AS WALL STREET RALLY AND CHEAPER OIL LIFT TOKYO STOCKS

What happened: The Nikkei 225 closed above 70,000 for the first time, at a three-month high, as Wall Street gains and lower oil prices lifted Tokyo stocks. Key numbers: Nikkei rose 737.12 points, or 1.05%, to 70,683.98. It gained 2.4% Monday to 69,946.86. Advancers beat decliners 2,273 to 1,177. Taiyo Yuden rose 6.15%. SoftBank Group fell 2.7%. U.S. Why it matters: Analysts say holding above 70,000 may depend on technology shares, bond yields and signals from the Fed and Bank of Japan. Attention turns to Governor Kazuo Ueda's speech after the close.

The Nikkei 225 closed above 70,000 for the first time, at a three-month high, as Wall Street gains and lower oil prices lifted Tokyo stocks.

Analysts say holding above 70,000 may depend on technology shares, bond yields and signals from the Fed and Bank of Japan. Attention turns to Governor Kazuo Ueda's speech after the close.