Nikkei May Rise as Potential Fed Rate Increase Worries Ease

Dow Jones07:46

2346 GMT - Japanese stocks may rise as concerns about the Fed's potential rate increases have eased following U.S. wholesale price data on Thursday. Nikkei futures are up 1.4% at 69310 on the SGX. The dollar is at 159.47 yen, compared with Y159.39 as of Thursday's Tokyo stock market close. Investors are focusing on any developments in the Iran conflict and crude oil prices. The Nikkei Stock Average rose 1.2% to 68308.59 on Thursday.

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