TOKYO Oct 28 The new benchmark TOCOM rubber
futures contract edged up in early trade on Monday, supported by
a weaker yen that makes the contract more affordable for
investors using other currencies.
* The Tokyo Commodity Exchange rubber contract for April
delivery was up 0.2 yen from the opening price
at 261.3 yen per kg by 0024 GMT. The March contract settled 6.1
yen lower at 256.6 yen per kg on Friday.
* The U.S. dollar was quoted around 97.54 yen in
Asia, edging away from a more than two-week low of 96.92 yen hit
The dollar remained supported against the yen on the view
that the yield differential between Japanese government bonds
and U.S. Treasuries will persist, as the Federal Reserve
eventually moves toward tapering its stimulus while the Bank of
Japan maintains its ultra-easy stance.
* Prime Minister Shinzo Abe told Japanese troops on Sunday
that Japan would not tolerate the use of force to change the
region's status quo, comments likely to rile Beijing which is
locked in a long and bitter territorial dispute with Tokyo.
* On Friday, rubber inventories in warehouses monitored by
the Shanghai Futures Exchange were up 0.7 percent week-on-week,
the bourse said.