The Nikkei 225 index at the Tokyo Stock Exchange was up 24.60 points at 8,604.99, but was expected to see little net movement as US markets will be closed due to the Memorial Day holiday.
International share price action on Friday was not necessarily supportive as US shares fell, albeit modestly, while Standard & Poor's lowered the credit rating of five Spanish banks.
"The market's sense of caution is clearly spreading from Greece to Spain now," said Toshiyuki Kanayama, market analyst at Monex Inc.
"Japan shares are clearly oversold at current price levels, but the unease over Europe is outweighing the positives at the moment," he told Dow Jones Newswires.
The euro, which briefly fell below $1.25 last week to hit its lowest level since July 2010, bought $1.2559 and 99.97 yen in early Asian trade, slightly up from $1.2515 and 99.66 yen in New York late on Friday.
The dollar was trading at 79.59 yen against 79.64 yen in New York.
The major US stock indices were in the red Friday as traders again looked to events across the Atlantic ahead of the long holiday weekend, with the blue-chip Dow Jones Industrial Average down 0.60 per cent to 12,454.83
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