Yen sees no follow through as Nikkei heavy

FXstreet.com (Bali) - More than 1 hour into the Tokyo Friday session, the Nikkei 225 saw an important turnaround, giving up early gains - up to 0.4% - to currently stay at -0.3%.

If Thursday's ichimoku reading at Nikkei 225 futures chart was suggesting a mixed picture with downside risks, Friday's conditions continue to put the odds for further consolidation inside a 15050-15700 range.

Intraday trading for Friday is producing some volatile swings, leading to an initial bounce off 15250 capped by 15550 - breaking the H1 bearish cloud marginally - only to see selling picking up for a retest of Thursday's low near 15200.