Rubber slips

Benchmark TOCOM rubber futures slipped on Thursday, sliding from a three-month high hit the previous day, as investors unwound positions ahead of new year holidays, while a stronger yen against the dollar added to pressure. The Tokyo Commodity Exchange (TOCOM) rubber contract for June deliveryfinished 2.2 yen, or 1.0 percent, lower at 209.6 yen ($1.86) per kg. It hit its highest since September 28 at 213.8 yen in the previous session.
The exchange will be closed from Monday to Wednesday next week. The most-active rubber contract on the Shanghai futures exchange for May delivery fell 80 yuan to finish at 14,200 yuan ($2,173) per tonne.