--- title: "RUBBER-Japan futures set to snap three-day losing streak on weaker yen, firmer oil" type: "News" locale: "en" url: "https://longbridge.com/en/news/274742599.md" description: "Japanese rubber futures are set to end a three-day losing streak, buoyed by a weaker yen and rising oil prices. The Osaka Exchange's July rubber contract rose 1.24% to 343.3 yen per kg, while the Shanghai Futures Exchange's May contract increased by 0.99% to 16,280 yuan per metric ton. The yen is near a two-week low, making yen-denominated assets cheaper for foreign buyers. Oil prices are up due to geopolitical tensions, and lower rubber production in major producing countries is also supporting prices as the market approaches a seasonal low production period." datetime: "2026-02-04T02:10:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274742599.md) - [en](https://longbridge.com/en/news/274742599.md) - [zh-HK](https://longbridge.com/zh-HK/news/274742599.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274742599.md) | [繁體中文](https://longbridge.com/zh-HK/news/274742599.md) # RUBBER-Japan futures set to snap three-day losing streak on weaker yen, firmer oil By Ruth Chai Feb 4 (Reuters) - - Japanese rubber futures were on course to snap a three-day losing streak on Wednesday, supported by a weaker yen and firmer oil. - The Osaka Exchange (OSE) rubber contract for July delivery (JRUc6) (0#2JRU:) was up 4.2 yen, or 1.24%, at 343.3 yen ($2.20) per kg, as of 0146 GMT. - The rubber contract on the Shanghai Futures Exchange (SHFE) for May delivery (SNRv1) rose 160 yuan, or 0.99%, to 16,280 yuan ($2,347.68) per metric ton. - The most-active March butadiene rubber contract on the SHFE (SHBRv1) gained 300 yuan, or 2.3%, to 13,330 yuan per ton. - Rubber followed other commodities higher as sentiment recovered after a broad-based selloff on Monday led by gold and silver. - The yen (JPY=EBS) wobbled near a two-week low ahead of what is shaping up to be an unpredictable national election over the weekend. (USD/) - The yen (JPY=) was slightly softer at 156.06 per dollar, inching closer to its weakest since January 23. - A weaker Japanese currency makes yen-denominated assets more affordable to overseas buyers. - Oil prices rose, extending the previous day’s gains, after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tension between Washington and Tehran. (O/R) - Natural rubber often takes direction from oil prices as it competes for market share with synthetic rubber, which is made from crude oil. - Lower rubber production in top producers was also supportive for rubber prices. - Rubber crops usually undergo a season of low production from February to May, before entering a peak harvesting period that lasts until September. - The front-month rubber contract on Singapore Exchange’s SICOM platform for March delivery (STFc1) last traded at 188.4 U.S. cents per kg, up 0.8%. ($1 = 156.1200 yen) ($1 = 6.9345 yuan) ### Related Stocks - [ProShares Ultra Bloomberg Crude Oil (UCO.US)](https://longbridge.com/en/quote/UCO.US.md) - [iShares Global Energy ETF (IXC.US)](https://longbridge.com/en/quote/IXC.US.md) - [Invesco CurrencyShares® Japanese Yen (FXY.US)](https://longbridge.com/en/quote/FXY.US.md) - [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md) - [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/en/quote/OIH.US.md) - [ProShares Ultra Yen (YCL.US)](https://longbridge.com/en/quote/YCL.US.md) - [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md) - [iShares US Oil & Gas Explor & Prod ETF (IEO.US)](https://longbridge.com/en/quote/IEO.US.md) - [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md) ## Related News & Research - [Iraq's Kirkuk crude oil flows restarted March 4 after one-day stoppage, sources say](https://longbridge.com/en/news/277812119.md) - [Just how high will gas prices climb with oil now above $90/bbl](https://longbridge.com/en/news/278165888.md) - [Iran conflict boosts U.S. Gulf oil prices to highest since 2020](https://longbridge.com/en/news/278179476.md) - [Iran's Revolutionary Guards say fuel tanker burning in Strait of Hormuz after being hit by drones](https://longbridge.com/en/news/277498442.md) - [Miramar Capital LLC Has $9.34 Million Stock Holdings in EOG Resources, Inc. $EOG](https://longbridge.com/en/news/277624320.md)