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Tokyo futures hover near 1-week low on strong yen

Benchmark TOCOM rubber futures hovered near their lowest in a week on Monday, pressured by a stronger yen against the dollar.

FUNDAMENTALS

* The Tokyo Commodity Exchange rubber contract for February delivery was unchanged at 226 yen per kg at 0000 GMT, after settling down 2.2 percent on Friday.

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MARKET NEWS

* U.S. crude prices tumbled more than 3 percent on Friday on worries that energy demand would be hit hard as Hurricane Irma, one of the most powerful storms in a century, headed toward Florida and the Southeast.

* The U.S. dollar was quoted around 108.28 yen, compared with around 107.76 yen on Friday afternoon.

* Japan's benchmark Nikkei stock average was up 1.2 percent.

* Copper slumped on Friday on profit-taking as analysts said a 20-percent price surge since June was not justified given China's copper imports had only been stable for the past four months.

DATA/EVENTS (GMT)

* No major data or event is scheduled for Monday.

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