The Nikkei was likely to trade between 8,750 and 8,900, strategists said, after Nikkei futures in Chicago closed at 8,830 on Friday, up 0.6 percent from the Osaka close.
Trading will likely be rangebound today, though a weaker yen will give the market some support, U.S. stocks ended higher on Friday, led by gains in bank shares, as the S&P 500 index bounced back from its second-worst decline of the year.
On Friday, the Nikkei eased 0.3 percent to 8,798.35, but ended up 2.7 percent on the week, its best weekly gain in four months. The broader Topix index slipped 0.4 percent to 750.92.
The European Central Bank is to start accepting a wider range of collateral in its lending operations and assets of a lower quality, easing funding pressures on struggling banks.
The 30-day implied volatility for the Nikkei eased to 17.7 percent on Friday to hit a seven-week low, indicating an easing of investors' concerns over the euro zone crisis and slowing global growth, data from Thomson Reuters Datastream showed. That compared with the U.S. S&P 500 15.7 percent and Euro STOXX 50's 23 percent, its lowest since April 9.
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