This entry was posted on Saturday, April 28th, 2012 at 4:18 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Tocom rubber futures settle 1.4% higher after gaining as much as 2.0% due to a weaker yen after the Bank of Japan announced additional monetary easing measures. Tocom pares gains, however, after the yen strengthens against the USD and as investors exit positions ahead of a long holiday weekend in Japan. Tocom will be closed Monday for a public holiday and will likely play catch-up with Shanghai rubber Tuesday, when trade resumes; trade participants will also be keeping an eye on output from major producing countries as they exit the low production season. Benchmark October rubber futures settle Y4.2 higher at Y312.9/kg, off a two-and-a-half week high of Y315/kg.
Source: Dow Jones