SYDNEY, Feb 16 Reuters Japan39;s Nikkei closed at another 34year peak on Friday, helped higher by a buoyant Wall Street, while the dollar found its footing after a big fall in U.S. retail sales revived chances of a June rate cut.

The rally in Asia is set to extend to Europe, with EUROSTOXX 50 futures up 0.5. Nasdaq futures rose 0.2 and SP 500 futures were flat.

The of the alltime high of 38,957 points, hit in 1989. The index is up 4.3 for the week, the third straight week of gains, bringing the yeartodate gains to a staggering 15.

MSCI39;s broadest index of AsiaPacific shares outside Japan rose 0.9, helped by a 2.6 jump in Hong Kong39;s Hang Seng index after returning from the Lunar New Year holidays. The index was up 1.9 for the week.

Mainland China remained closed on Friday.

Bank of Japan Governor Kazuo Ueda said on Friday that monetary policy would most likely remain accommodative, even after ending negative interest rates, echoing recent reassurances from BOJ officials that have weighed on the yen.

The yen eased 0.2 on Friday to 150.26 per dollar , back above the critical 150 level that could draw possible Japanese intervention to slow the currency39;s declines.

The dollaryen has sort of consolidated around the 150 level, so that39;s providing support to Nikkei. There39;s the corporate reform still going through, so the exporters will continue to do well, said Tony Sycamore, market analyst at IG.

Figures on Thursday showed that Japan and Britain slipped into…