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Rupiah Holds Tight Range

IDR

Spot USD/IDR changes hands +14 figs at IDR14,425 at typing, oscillating within the confines of yesterday's range. Bulls look for a rally above Apr 25, 2022/Aug 20, 2021 highs of IDR14,470/14,473. Conversely, bears would be pleased by a retreat towards Apr 19 low of IDR14,334.

  • USD/IDR 1-month NDF last seen unch. at IDR14,463. Bulls eye Apr 25 high of IDR14,565 for initial resistance, while bears look for a sell-off past Apr 26 low of IDR14,407.
  • Indonesian Investment Minister Bahlil Lahadalia will hold a briefing on Q1 investment realisation today.

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