Concerns over the Federal Reserve's interest rate hikes are easing, and the Nikkei index may rise.

Thanks to eased concerns over Federal Reserve interest rate hikes and the overnight rise in U.S. tech stocks, the Japanese stock market may see gains. The Nikkei index futures on the Singapore Exchange rose by 1.2%, reaching 68,500 points. The dollar is at 159.34 yen, compared to 159.40 yen at Wednesday's close in the Tokyo stock market. Investors are keeping an eye on any developments in the Iran conflict and oil prices. The Nikkei index rose by 0.8% on Wednesday, closing at 67,524.06 points.