Benchmark Tokyo rubber futures hit their lowest in nearly eight months on Wednesday, coming under pressure as the yen soared to a 15-month high against the dollar, brokers said. The Tokyo Commodity Exchange rubber contract for July delivery finished 5 yen lower at 184.3 yen ($1.72) per kg. Earlier in the session, it hit 184.1 yen, the lowest since June 21, 2017.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 25 yuan to finish at 12,500 yuan ($1,972) per tonne. Chinese markets will be closed for a week from Thursday for the Lunar New Year holiday.
The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 143.80 US cents per kg, down 0.7 cent.
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