Updates closing prices and adds analyst comment

SINGAPORE, July 24 (Reuters) -

• Japanese rubber futures rose on Wednesday, buoyed by higher synthetic rubber and oil prices, although gains were limited by a stronger yen.

• The Osaka Exchange (OSE) rubber contract for December delivery JRUc6, 0#2JRU: closed up 7 yen, or 2.09%, at 322.2 yen ($2.08) per kg.

• The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery SNRv1 rose 105 yuan, or 0.73%, to 14,545 yuan ($1,999.51) per metric ton.

• The most active September butadiene rubber contract on the SHFE SHBRv1 was up 195 yuan, or 1.33%, at 14,885 yuan ($2,046.24) per metric ton.

• Oil prices rebounded, snapping three straight sessions of decline, as falling U.S. crude inventories and growing supply risks from wildfires in Canada boosted prices. 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.

• Dollar/yen JPY=EBS went down nearly 1% on Tuesday and fell another 0.6% on Wednesday in Asia to its lowest since mid-May at 155.36 per dollar, as short sellers bailed out ahead of a central bank meeting. The yen is the best performing G10 currency against the dollar in July so far. USD/

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

• Rubber markets will continue to be rangebound for now, in the absence of "bright sparks to pull the market up", said a Singapore-based trader.

• China's top economic planner said on Tuesday it would support high-quality companies to borrow medium- and long-term foreign debt, to support the development of the real economy, according to an official statement published online. China is the world's top rubber consumer.

• The front-month rubber contract on Singapore Exchange's SICOM platform for August delivery STFc1 last traded at 162.3 U.S. cents per kg, up 1.2%.

($1 = 154.6700 yen)

($1 = 7.2743 yuan)

Reporting by Gabrielle Ng; Editing by Subhranshu Sahu

For morning and afternoon prices at Thailand's state-run central rubber market, click on RUB-BKK3.
For other physical rubber prices in Thailand, click on RUB-BKK1, RUB-BKK2.
For more details on Indonesian and Malaysian prices click on RURKJK and RUQG.
* Reuters Terminal users can see cash and futures rubber prices by double clicking on the codes in the brackets:

- Tokyo rubber futures -- 0#JRU:
- Shanghai rubber futures -- 0#SNR:
- Singapore rubber futures -- 0#SRS:0#SRU:0#STF:
- Thai rubber futures -- 0#ARU:0#ASR20:
- All rubber news RUB
- Tokyo rubber report RUB/T
- Shanghai rubber report RUB-CN
- Thailand rubber report RUB/TH
- Asian rubber report RUB/AS

For Related News and other topics, double click on one of these codes: SPEED GUIDES RUBBER1, SOFTS/NEWS1