Tocom rubber price in trading Wednesday afternoon (30/12) experiencingreinforcement. Rubber futures prices for the most active contract, namely June 2016strengthened driven weakening of the Yen.
Rubber futures prices rise on Tocom trading this afternoon pushed the weakening ofthe exchange rate of the yen Japan. The current observed rate pair USDJPY strengthened 0.02% in 120.49, this illustrates the Yen experienced a weakening against the u.s. dollar.
A weakening yen makes prices of natural rubber futures Tocom raised. For buyers abroad with the weakening of the exchange rate of the yen makes prices of commodities that are traded in the currency became relatively cheaper so thatdemand has increased.
The price of natural rubber on the Tocom to contract most active June contract i.e. for 2016 this morning opened position 158.5 yen per kilogram. The price of natural rubber futures experienced a significant increase in i.e. of 1.2 yen compared with the previous closing trade positions at 157.0 yen per kilogram. Current prices are at position 158.2 yen per kilogram.
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