Rubber Declines From Nine-Month High as Yen Gain Reduces Appeal
This article is for subscribers only.
Rubber retreated from a nine-month high as the Japanese currency climbed against all of its 16 major peers after comments by Japan’s economy minister raised concerns the nation won’t try to further weaken the currency.
Rubber for delivery in June closed little changed at 312.1 yen a kilogram ($3,514 a metric ton) on the Tokyo Commodity Exchange. Futures reached 321 yen on Jan. 11, the most expensive since April.