Tocom RSS3 rubber futures fall in slow trade with traders keeping their eyes on the outcome of the BOJ’s policy board meeting Tuesday. Any announcement with the intention of weakening the yen is likely to (boost) Tocom rubber,” says Singapore-based Phillip Futures analyst Ker Chung Yang.
IRCo chief secretary Yium Tavarolit says natural rubber’s RSI indicates that a technical rebound could occur this week, although “it is inevitable that the current rubber market will remain volatile as market players are very emotional and sensitive to every incoming data and information,” he says.
Benchmark April rubber trades Y1.4 lower at Y256.8/kg, off the intraday low of Y254.8/kg.
Source: Dow Jones
