Rubber Climbs to Seven-Month High on Japan Stimulus Optimism
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Rubber advanced to the highest level in more than seven months as speculation that the Bank of Japan will add monetary stimulus weakened the nation’s currency, boosting the appeal of yen-based contracts.
Rubber for delivery in May gained 0.7 percent to end at 287.7 yen a kilogram ($3,410 a metric ton) on the Tokyo Commodity Exchange, the highest level for the most-active contract at close since May 10. Futures have advanced 9.2 percent this year.