TOKYO, Jan 6 (Reuters) – Benchmark TOCOM rubber futures extended declines on Friday, pulled down as the U.S.dollar dropped to its lowest in three weeks against a basket of currencies.
FUNDAMENTALS
The Tokyo Commodity Exchange rubber contract for June delivery JRUc6 0#2JRU: had fallen 3.8 yen to 269.3 yen ($2.34) per kg by 0003 GMT, after settling down 0.3 yen on Thursday.
The contract is set for a weekly gain of around 2 percent.
MARKET NEWS
The U.S. dollar was quoted around 115.35 yen JPY= , compared with around 116.08 yen on Thursday afternoon. USD/
Japan’s benchmark Nikkei stock average .N225 opened down 0.7 percent. MKTS/GLOB
Copper slipped on Thursday as investors cut bets on higher prices.
Oil prices rose nearly 1 percent on Thursday on news that Saudi Arabia had cut production to meet OPEC’s agreement to reduce output. O/R
DATA/EVENTS (GMT)
The following data is expected on Friday: (Time in GMT)
1000 Euro Zone Retail Sales Nov
1000 Euro Zone Business Climate Dec
1330 U.S. Non-Farm Payrolls Dec
1330 U.S. Unemployment Rate Dec
1330 U.S. International Trade Nov
1500 U.S. Durable Goods Nov
1530 U.S. ECRI Weekly Index
($1 = 115.2700 yen)
(Reporting by Osamu Tsukimori; Editing by Joseph Radford)
