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Tocom RSS3 rubber futures are lower,
extending declines after Shanghai rubber opens weak.
Traders say natural rubber
futures are prone to profit-taking after strong gains in the last week, but are
still supported by intervention measures by major exporting countries to boost
prices.
Investors will be keeping their eyes on the outcome of the BOJ policy
meeting later today, which could influence the JPY, and thus Tocom rubber.
Traders peg key support for benchmark February rubber at around Y250/kg; the
contract is last down Y2.2 at Y254/kg, off an earlier low at Y252.4/kg.
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