RUBBER-Japan futures fall on firmer yen, tumbling oil prices

June 24 (Reuters) -

• Japanese rubber futures fell on Tuesday amid a strengthening yen, while also tracking oil prices lower as tensions in the Middle East eased.

• The Osaka Exchange (OSE) rubber contract for November delivery JRUc6, 0#2JRU: was down 3.5 yen, or 1.16%, at 298 yen ($2.05) per kg as of 0224 GMT.

• The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery SNRv1 dipped 30 yuan, or 0.22%, to 13,855 yuan ($1,930.39) per metric ton.

• The most active July butadiene rubber contract on the SHFE SHBRv1 fell 290 yuan, or 2.5%, to 11,295 yuan ($1,573.71) per metric ton.

• The dollar weakened 0.21% against the yen JPY=EBS. USD/

• A stronger currency makes yen-denominated assets less affordable to overseas buyers. FRX/

• Oil prices tumbled 7% from the previous session after U.S President Donald Trump's announcement of a "complete and total ceasefire" between Iran and Israel. 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.

• Still, Japan's Nikkei .N225 rose more than 1% in early Asia trade following Trump's announcement.

• Flash floods in Thailand ended a second consecutive decline in Japan rubber on Monday, said broker Hexun Futures.

• Top rubber producer Thailand's meteorological agency warned of heavy rains and accumulations that could lead to flash flooding from June 23-27.

• China's auto industry has inflated car sales for years through registering new cars right off the assembly line and then shipping them overseas as "used" vehicles, Reuters reported on Tuesday.

• This is allowing production to outpace demand, driving a protracted domestic price war in the world's largest car market.

• The front-month rubber contract on Singapore Exchange's SICOM platform for July delivery STFc1 last traded at 160.5 U.S. cents per kg, down 0.4%.

($1 = 145.6500 yen)

($1 = 7.1773 yuan)