The Japanese stock market pared early gains and is modestly higher on Friday, data showing that Japan's industrial output fell 4.2 percent in October from the previous month dampened investor sentiment.

The benchmark Nikkei 225 Index is adding 39.12 points or 0.17 percent to 23,448.26, after touching a high of 23,498.77 in early trades. Japanese shares closed lower on Thursday to snap a four-day winning streak.

Stock of major exporters are higher on a weaker Yen, as weaker Yen boost export. Tech's stock also trading higher.

In the currency market, the U.S. dollar is trading in the mid 109.485 on Friday, this is important level for the USD/JPY Bull.  109.500 is the Fibonacci 38.2% of year high 112.392 and low 104.808, it is the neck-line level of the "Inverted Head-And-Shoulder" formation. If USD/JPY Break and maintain above 109.500, it will be strong signal for the Bull. Target for the "inverted Head and Shoulder is at 114.200.