[Dow Jones] Tocom rubber futures settle up on back of weaker JPY, solid crude oil prices, but benchmark contract”s failure to hold above Y150, after testing in both morning and afternoon session, indicates that weak demand likely to continue weighing on prices, capping any further rally. “It”s likely to test Y150 again in coming sessions, and will continue to take cues from the yen, as the market focus is now on broad commodities performance, rather than its own fundamentals,” says analyst in Singapore. Benchmark August RSS3 contract settles Y1 higher at Y149.7/kg. (HWS)

Source: Dow Jones

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