Tocom Rubber Ends Oct. 13 _1 Percent Lower

The Japanese Yen currency is seen experiencing a strengthening. The USDJPY exchange rate has a -0.32 percent drop at 103.88. The increasing value of the Japanese Yen currency is making commodity prices that are traded using this currency become relatively more expensive for foreign buyers. The impact is that the demand for this commodity has experienced a decrease.
The price of oil dropped on Thursday (13/10) in the Asian session, pressured by a rise in OPEC production and an increase in the crude inventory of the United States.
The price of the U.S. West Texas Intermediate (WTI) crude futures dropped 54 cents, or 1.08 percent, at $49.64 per barrel.
The International Brent crude oil futures price was traded at $51.37 per barrel at 0256 GMT, which is a 44 cents (or 0.85 percent) decrease from its previous closing.
See: Crude Oil Price Drops 1 Percent in the Asian Session
The drop in the price of crude oil is making the cost of producing synthetic rubber cheaper. The impact is that the demand for the natural rubber commodity, such as the one traded in Tocom, has decreased.