Economics

Rubber in Tokyo Pares Weekly Gain as Higher Yen Cuts Appeal

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Rubber declined for a second day, paring a weekly advance, as crude oil fell and a stronger Japanese currency cut the appeal of yen-denominated futures.

The contract for delivery in April on the Tokyo Commodity Exchange fell 0.7 percent to end at 259.8 yen a kilogram ($2,650 a metric ton). The drop pared gains for the most-active contract this week to 1.3 percent. Futures lost 1.5 percent last month.