Nikkei flat in choppy trade, yen's rise leaves index poised for weekly loss

jueves 18 de agosto de 2016 22:58 GYT

* Nikkei down 2.6 pct for the week

* Cyclical stocks outperform

* Jackson Hole meeting eyed next week

By Ayai Tomisawa

TOKYO, Aug 19 (Reuters) - Japan's Nikkei share average was flat in choppy trade on Friday morning as investors remained wary over the strength of the yen, which has taken a heavy toll on exporters and the broader market this week.

The Nikkei was flat at 16,481.29 in midmorning trade, cancelling out earlier gains as investors refrained from taking positions before the weekend.

For the week, the benchmark index has fallen 2.6 percent, as investors rushed to the exit when the dollar dropped below 100 yen.

On Friday, the dollar clawed back some losses against the yen, rising 0.4 percent to 100.22 yen, though it was still down 1.1 percent for the week.

Amid the cautious backdrop, traders said expectations for the Bank of Japan's exchange traded funds (ETF) buying could help to steady the market.   Continuación...