DJ Tocom Rubber Settles Lower; Weak Yen Limits Losses -- Market Talk
Tocom rubber futures settle lower with the weak yen cushioning Tocom's losses despite a 3% decline in Shanghai rubber. "Investors are generally squaring off their positions and will set new ones next week. Right now, it's looking quite bearish with Shanghai declining so much," says Kaname Gokon, deputy manager of research at Okato Shoji in Tokyo; he tips support at Y195/kg. Benchmark February rubber settled Y2.1 lower at Y197.7/kg, after moving in the Y197.0-Y201.6/kg range. (huileng.tan@wsj.com; Twitter: @huileng_tan)
??�: Dow Jones Newswires
