Rubber Advances in Tokyo as Yen Near 6-Month Low Raises Appeal
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Rubber snapped two-day losing streak after Japan’s currency slid to the lowest level in six months against the dollar, increasing the appeal of yen-based futures.
The contract for delivery in May on the on the Tokyo Commodity Exchange advanced 0.6 percent to settle at 258.5 yen a kilogram ($2,529 a metric ton). The gains pared losses for the most-active contract this month to 1.2 percent.