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Monday, October 18, 2021

Tokyo rubber futures extend gains on weaker yen

TOKYO, Sept 14 (Reuters) – Benchmark TOCOM rubber futures rose for a second day on Wednesday as the yen fell against the dollar after a report that the Bank of Japan is mulling further monetary easing, but the gains were limited by a slide in oil prices.


The Tokyo Commodity Exchange rubber contract for February delivery JRUc6 0#2JRU: rose 2.5 yen to 156.4 yen per kg by 0048 GMT, after settling up 0.9 yen on Tuesday.


The U.S. dollar was quoted around 102.83 yen JPY= , compared with around 101.80 yen on Tuesday afternoon. USD/

Japan’s benchmark Nikkei stock average .N225 was down 0.6 percent. MKTS/GLOB

Oil prices fell as much as 3 percent on Tuesday after both the world’s energy watchdog and OPEC revised forecasts that signalled the global crude glut could persist for much longer than expected.


The following data is expected on Wednesday: (Time in GMT)

0900 Euro zone Industrial production Jul

1230 U.S. Import prices Aug

1230 U.S. Export prices Aug

(Reporting by Osamu Tsukimori; Editing by Ed Davies)

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