The Rupee opened ?weaker in non-deliverable ?forwards following a further surge in ?oil prices ?triggered by escalating attacks on ?key energy ?infrastructure in the ?Gulf. The yen teetered on the brink of its weakest level in two years in Asian morning ?trading on Thursday, struggling to find footing against a resurgent dollar as the Bank of Japan held rates steadyin the shadow of the Iran conflict. The yen was 0.1% ?firmer at 159.655 per dollar, off its weakest levels in two years, as the BOJ kept its rate at 0.75% and maintained its assessment that the economy was recovering moderately. Attention turns next to a press conference in a few hours where BOJ Governor Kazuo Ueda will explain the central bank's decision. Earlier in the day, Japanese Finance Minister ?Satsuki Katayama said authorities are on heightened alert for currency market volatility and recent movements have been driven partly by speculators. The Bank of Japan's decision comes midway through a pivotal stretch of major ?central bank meetings, as traders hunt for clues on how policymakers will respond to the energy price shock. The dollar eased off a ?two-day high on Thursday as traders assessed the Fed's decision to hold rates against the backdrop of accelerating U.S. inflation amid a raging Middle East conflict and surging oil prices. The U.S. dollar index , which measures the ?greenback's strength ?against a basket of six currencies, edged down 0.1% to 100.07, near its highest levels over the last four months, as traders reined in bets that the Fed would cut interest rates later this year. The Fed's decision came after data released on Wednesday showed the biggest increase in producer prices for seven months in February, driven by higher costs for services and a range of goods before the start of the war in the Middle East. Financial markets are almost fully pricing in a hold at the U.S. central bank's April 29 meeting, with expectations of further easing pushed out ?to 2027. Fed funds futures imply that the ?odds of a rate cut in December ?are little better than a coin toss, according to the CME Group's FedWatch tool. The Australian dollar edged up 0.4% to $0.7053, after data for February showed unemployment ticked up to 4.3%, slightly above market estimates, and the Reserve Bank of Australia on Thursday warned the conflict in the Middle East was a material risk to the domestic economy. The New Zealand dollar was up 0.4% at $0.5821 after official data released earlier showed gross of domestic products Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on ?its South Pars gas field, a major escalation in Tehran's war with the U.S. ?and Israel. Brent futures were up $3.69, or 3.44%, to $111.07 by 0142 GMT, while U.S. West Texas Intermediate crude rose $2.29, or 2.38%, to $98.61.rose 0.2% in the fourth quarter on the prior ?quarter, but was ?weaker than analysts' expectations and the central bank's forecast.......