Tokyo rubber futures were mixed on Monday as the yen inched up against the dollar, but trade was relatively subdued with some traders absent for Japan's traditional Obon summer holiday. The most-active rubber contract on the Tokyo Commodity Exchange for January delivery rose 0.7 yen a kg, or 0.3 percent, to 248.8 yen.
The key contract fell more than 3 percent to touch a three-week low of 246.5 yen on Friday, hit by a higher yen and as credit market woes spilled over to equity and commodities markets. US crude prices steadied on Monday after sharp losses last week as central banks injected cash into jittery financial markets.
It rose 18 cents to $71.65 a barrel in electronic trading. The dollar slipped slightly to 118.30 yen from near 118.40 yen in late US trade on Friday, holding off the four-month low of 117.19 yen hit on electronic trading platform EBS last week.
Crude rubber stocks held at Japanese warehouses fell to 11,157 tonnes by July 31, down 7.9 percent from 12,108 tonnes on July 20, the Rubber Trade Association of Japan said on Friday. The level was up about 18.8 percent from a year.
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