Nikkei flat in subdued holiday trade, stronger yen hits exporters
* Mood relies on dollar-yen levels - traders
* Nikkei down 1.1 pct for week, set to post 4th weekly losses
* Mitsubishi Heavy stumbles after unit says will delay delivery of first regional jet
By Ayai Tomisawa
TOKYO, Dec 25 (Reuters) - Japan's Nikkei share average was flat on Friday morning in holiday-thinned Christmas trading, with the slightly stronger yen capping risk appetite.
The Nikkei was flat at 18,783.05 in midmorning trade after moving in and out of the black. Although markets are open in Japan, trading was limited with many other financial markets closed for the Christmas holiday.
For the week, the Nikkei has fallen 1.1 percent and was poised for a fourth weekly losses.
"The mood pretty much relies on the dollar-yen levels today," said Yutaka Miura, a senior technical analyst at Mizuho Securities. "Today's activity will most likely be futures-led trading and since volume is expected to be thin, the market can get volatile."
Exporters lost ground, with Toyota Motor Corp and Honda Motor Co each falling 0.5 percent and Panasonic Corp dropping 0.6 percent. Continuación...