Rubber jumped by the most in six months after Japan's currency slid to the lowest level since June 2009, boosting the appeal of yen-denominated futures.
The contract for delivery in September advanced as much as 4.7%, the biggest gain for a most-active contract since Sept 14, to 265.3 yen a kilogramme (US$2,693 a metric tonne) and was at 263.9 yen on the Tokyo Commodity Exchange at 10.36am.
The yen traded at 98.41 per dollar after touching 98.85, the lowest since June 2009. The currency extended losses for a third day after the Bank of Japan said last week it would double bond buying to reach its target of 2% annual inflation within two years. Toyota Motor Corp, the world's largest carmaker, led a rally in Japan’s Nikkei 225 Stock Average toward its highest level in almost five years.
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