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Warjiyo Comments Eyed

IDR

Spot USD/IDR has added 18 figs and last changes hands at IDR14,362, with greenback strength in the driving seat. Bulls look to a break above Mar 24/Apr 8 highs of IDR14,380 before taking aim at Mar 7/Jan 31 highs of IDR4,415/14,420. Conversely, a sell-off past Mar 30 low of IDR14,325 would give bears a green light for targeting Mar 17 low of IDR14,275.

  • USD/IDR 1-month NDF last seen +11 figs at IDR14,389. Topside focus falls on Apr 8 high of IDR14,408, with bears keeping an eye on Mar 30 low of IDR14,329.
  • Note that Bank Indonesia Gov Warjiyo speaks at a G20 side event today.

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