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Rubber Climbs for Third Day on Weaker Yen Before Fed Decision

Rubber advanced for a third day as Japan’s currency weakened against the dollar, raising the appeal of yen-denominated futures, amid expectations the Federal Reserve will maintain economic stimulus.

The contract for delivery in April, the most active by volume on the Tokyo Commodity Exchange, added 1.2 percent to 264.3 yen a kilogram ($2,691 a metric ton). The yen declined to 98.27 per dollar, nearing a one-week low reached yesterday.