An easing Japanese yen pushed Tokyo rubber futures up 1.6 percent on Friday, but weaker oil prices and profit-taking ahead of the weekend limited the gains, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery rose 1.7 yen to settle at 260.0 yen per kg.
It rose as much as 4.1 yen, or 1.6 percent, to 262.4 yen before profit-taking set in, dealers said.
"Easing yen triggered speculative buying on TOCOM, but profit-taking and weak oil prices weighed," said a Bangkok-based dealer.
The yen fell to a four-month low versus the dollar on Friday, with the low-yielding Japanese currency pressured by signs of improving risk appetite and contrasting outlooks for monetary policy.
Brent oil futures slipped below $110 per barrel on Friday but were on track to end higher for the second week following sharp overnight gains, with investors waiting for the outcome of talks on Iran's nuclear programme.
Dealers said TOCOM prices could rise further next week after prices found support at 260 yen.
The most-active rubber contract on Shanghai futures exchange for May delivery was down 120 yuan to settle at 19,095 yuan per tonne.
The front-month rubber contract on Singapore's SICOM exchange for December delivery was last traded at 231.0 US cents per kg, up 0.2 cent.
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