Japan's stock market is expected to rise on Friday, following a reduction in concerns about potential interest rate hikes by the Federal Reserve after the release of wholesale price data in the United States on Thursday.

The Nikkei 225 futures contract on the Singapore Exchange advanced 1.4%, reaching 69,310 points. The U.S. dollar was trading at 159.47 yen, compared to 159.39 yen at the close of Tokyo trading on Thursday.

Investors are closely monitoring any developments in the Iran conflict, as well as fluctuations in crude oil prices. The Nikkei index ended Thursday's session 1.2% higher at 68,308.59 points.