Tokyo futures hit three-week high
November 23, 2012
Tokyo rubber futures rose 2 percent to a 3-week high on Thursday on the back of a weaker yen that encouraged players to take speculative buying positions, but profit-taking limited gains, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery rose 5.0 yen to settle at 261.7 yen ($3.18) per kg.
It rose 5.4 yen, or 2 percent, to an intra-day high of 262.1 yen, the highest since October 29. The most-active rubber contract…