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TOCOM ends down, pressured by strong yen

Benchmark Tokyo rubber futures ended down 0.1 percent on Friday as a strong yen offset firm Shanghai futures, brokers said.

Tokyo Commodity Exchange (TOCOM) futures have been closely following Shanghai futures, which traded most of the day up around 1 percent, despite a strong yen against the dollar.

A stronger yen makes yen-denominated assets less affordable when purchased in other currencies.

The Tokyo Commodity Exchange rubber contract for February delivery finished 0.2 yen lower at 218.4 yen ($1.98) per kg, after touching a three-day high earlier. For the week, the contract fell 0.4 percent.

The most-active rubber contract on the Shanghai futures exchange for January delivery rose 130 yuan to finish at 16,620 yuan per tonne.

Singapore's SICOM exchange was closed due to a public holiday.

($1 = 110.1200 yen)

Reuters