Nikkei breaks above 25-day moving average

TOKYO (Reuters) - Japan's Nikkei average rose on Monday to breach its 25-day moving average after upbeat U.S. housing data and a deal to extend the U.S. payroll tax cut for two months. Industrial robot maker Fanuc rebounded 3.1 percent after losing 3.4 percent in the previous session after the machine tools sector was downgraded to "bearish" by Bank of America Merrill Lynch. Within the tool makers' sector Makita Corp surged 6.8 percent, extending gains from a high for the year hit last week, after the company said on Thursday it would buy back 2 million of its own shares worth up to 5. ...