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Bank Indonesia Takes Focus


Spot USD/IDR has trimmed some of its opening losses and last changes hands -38 at 14,510. Bears look for a renewed sell-off past Apr 7 low of IDR14,470, which would expose Mar 29 low/200-DMA at IDR14,410/14,398. Bulls look for a jump above IDR14,633-14,635, which capped gains Apr 13-15.

  • The Jakarta Post reported that the Indonesian gov't disbursed IDR6.53tn in the second round of cash aid targeting 9mn lower-income households.
  • Elsewhere, a study by Padjadjaran University/Indonesia National Air Carrier Association suggested that Indonesia's domestic and international air traffic will return to pre-pandemic levels by 2026.
  • Focus moves to the latest monetary policy decision from Bank Indonesia, due later today. Click here to see our preview.

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