Japanese stock markets are expected to open higher, taking cues from an overnight rally on Wall Street.

Market sentiment has been buoyed by robust bank earnings and a US inflation report that came in lower than anticipated.

Domestic technology shares may also find support from the tech-heavy Nasdaq Composite Index, which advanced 0.9% on Tuesday.

However, potential gains for the Japanese benchmark may be capped by ongoing geopolitical tensions in the Middle East.

On the Singapore Exchange, Nikkei index futures are indicating a rise of 710 points, reaching 68,355.

The Nikkei 225 index itself closed Tuesday's session up 0.7% at 67,743.50 points.