Tocom-rubber futures settle higher, tracking a rise in USD/JPY and a recovery in Japanese equities after sharp losses in Japanese markets Tuesday. Despite bearish sentiment due to large rubber stockpiles in China and Japan, front-month contracts on Tocom are firm and more expensive than forward-month contracts - pointing to near-term demand, say traders. A broker in Bangkok says the weak yen is also attracting some buyers to take deliveries off Tocom. Benchmark June rubber settles Y2.8 higher at Y255.6/kg, off the intraday high of Y258.4/kg. (huileng.tan@dowjones.com)
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