U.S. stocks gain pushed the Nikkei index on Friday, but the strengthening of the yen against the euro is likely to limit the gains associated growing concern about the debt problem in Greece.
According to analysts, although the stock is likely to reverse theweakening Tokyo on Thursday due to falling commodity prices , investorsare still wary of the volatility of commodity . Thin trading volumes ahead of the weekend. "In early trading, buying a few shares of natural resources such as oil-based stocks led the gains, but the market remains sensitive to commodity prices, and investors are reluctant to take positions ahead of the weekend,"said Kenichi Hirano, an analyst at Tachibana Securities.
Nikkei slumped 1.5% to 9.710. Nearest resistance level 5 day MA at 9.810.
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