As concerns over potential interest rate hikes by the Federal Reserve ease, the Nikkei index may rise.

Following the easing of concerns over potential interest rate hikes by the Federal Reserve after the release of wholesale price data in the U.S. on Thursday, the Japanese stock market may rise. Nikkei index futures on the Singapore Exchange rose 1.4% to 69,310 points. The dollar was at 159.47 yen, compared to 159.39 yen at the close of the Tokyo market on Thursday. Investors are closely monitoring any developments in the Iran conflict and oil prices. The Nikkei index rose 1.2% on Thursday, reaching 68,308.59 points.