Rubber Advances to 10-Month High as Weakening Yen Boosts Appeal
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Rubber futures in Tokyo climbed to the highest level in more than 10 months after the yen touched its weakest level in almost three years, increasing the appeal of the commodity used in tires.
The contract for delivery in July gained 0.8 percent to 334 yen a kilogram ($3,559 a metric ton) on the Tokyo Commodity Exchange, the highest settlement for the most-active contract since March 28. Futures have climbed 10 percent this year.