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Tokyo Natural Rubber off Highs as USD/JPY Weakens -- Market Talk

24 Jul 2017 2:35 am

0235 GMT - Tokyo natural rubber prices continue to come off recent highs as the USD/JPY weakens making the Japanese yen denominated commodity nominally more expensive. However, prices are likely to find strong support around Y200/kg having traded around this level for a couple of weeks before the small rally last week supported by moves in industrial commodities and the USD/JPY. The Tocom benchmark natural rubber contract is trading down Y5.1/kg at Y209.4/kg. (lucy.craymer@wsj.com;Twitter: @lucy_craymer)
 

(END) Dow Jones Newswires

July 23, 2017 22:35 ET (02:35 GMT)

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