Benchmark Tokyo rubber futures edged down on Wednesday, pulling further away from a 3-1/2-month high hit in the previous session, pressured by weaker Shanghai futures and as investors locked in profits after a recent rally. The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery finished down 3.4 yen, or 1.6 percent, at 209.5 yen ($1.89) per kg. In the previous session, it touched 216.3 yen, the highest since September 28.
The most-active rubber contract on the Shanghai futures exchange for May delivery fell 165 yuan to finish at 14,145 yuan ($2,198) per tonne. The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 152.4 US cents per kg, down 0.4 cent. "A strong yen also weighed on investors' sentiment," said Hiroyuki Kikukawa, general manager of research, Nissan Securities. The US dollar hit a four-month low of 110.19 yen before steadying around 110.56 yen.
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